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Tom [10]
3 years ago
5

Irons

Business
2 answers:
Whitepunk [10]3 years ago
8 0

Answer:

Purchasing power is the;

B. amount of goods that can be purchased with a unit of currency

Explanation:

The purchasing power is a measure of the value of a currency by determining how much of the goods and services a unit of that currency is able to purchase. It is always used to gauge how strong a currency is. The purchasing power is however affected by inflation. Inflation tends to reduce the quantity of goods or services that one can buy using a unit of currency.

This is because inflation causes a sudden spike in the price of goods and services in the economy, when this happens most people tend to only spend on needs rather than wants since their ability to purchase has been greatly reduced. A typical example is a case where ten years the amount that one could purchase property is definitely lower than the price of the same property now. This means that the purchasing power ten years ago is higher than the purchasing power now.

The purchasing power has the ability to affect different aspects of the economy. An example is the cost of living. When the purchasing power reduces, the people pay more for a good or service leading to a high cost of living.

Alecsey [184]3 years ago
4 0

its A trust  financial literacy

Explanation:

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4.The inflation rate in the U.S. is 3%, while the inflation rate in Japan is 1.5%. The current exchange rate is $1 equal to 105
Nana76 [90]

Answer:

103.4709          

Explanation:

The computation is shown below:

Given that

U.S inflation rate = 3%

Japan inflation rate = 1.5%

Current exchange rate = 105

Now the new exchange rate for the yen is

= Current exchange rate × (1 + Japan inflation rate) ÷ (1 + U.S inflation rate)

= 105 × (1 + 1.5%) ÷ (1 + 3%)

= 105 × (1.015 ÷ 1.03)

= 105 × 0.985436893

= 103.4709          

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The function of banks is to collect deposits from the public and lend them for the development of agriculture, industry, commerce, and commerce. Banks pay interest to depositors at lower interest rates and receive interest on loans at higher interest rates.

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