1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nordsb [41]
3 years ago
9

What is a foreign exchange rate?

Business
2 answers:
ziro4ka [17]3 years ago
7 0
Difference between the Us Dollar. 1 US dollar is .86 Euro
Bogdan [553]3 years ago
6 0

The correct answer would be, the rate at which one currency is exchanged with another currency.

Foreign Exchange Rate is the rate at which one currency of a country is exchanged with another currency.

Explanation:

When one currency of a country is exchanged with the currency of another country, the rate at which the currencies are exchanged is called as the exchange rate.

For example if someone plans a trip to Europe from America, he has US dollars which he needs to exchange in Euros to be able to use the currency in Europe.  So the rate at which he will exchange his Us dollars with Euro, will be the Foreign Exchange Rate.

Roughly, a Euro is equivalent to 1.08 US Dollars, as of today. So this 1.08 dollars will be the exchange rate for US dollars to Euro.

Learn more about Exchange Rate at:  

brainly.com/question/10187894

#LearnWithBrainly

You might be interested in
The moral case for why a company should actively promote the betterment of society and act in a manner benefitting all its stake
faust18 [17]
The answer to this question is goes down "it is the right thing to do". In the company, many time during the decision-making time, the<span> moral case for why a company should actively promote the betterment of society and act in a manner benefitting all its stakeholders go down or boil down to it is the right thing or the good thing to do.</span>
8 0
3 years ago
On April 18, Riley Co. made a short-term investment in 440 common shares of XLT Co. The purchase price is $56 per share and the
Alika [10]

Explanation:

General Journal

April 18

Debit Short-term Investments 25,030

Credit Cash 25,030

(440x$56= 24,620+390) = 25,030

May 30 ,

Debit Cash 572

Credit Dividend Revenue 572

1.30×440= 572

8 0
2 years ago
both the demand for and the supply of the resource declines in the same proportion. demand remaining constant, supply of the res
leonid [27]

If both demand and supply decrease, consumers wish to buy less and firms wish to supply less, so output will fall. However, since consumers place a lower value on each unit, but producers are willing to supply each unit only at higher prices, the effect on price will depend on the relative size of the two changes.

What happens if both the demand and supply curves decrease at the same time?

Since decreases in demand and supply, considered separately, each cause equilibrium quantity to fall, the impact of both decreasing simultaneously means that a new equilibrium quantity of coffee must be less than the old equilibrium quantity.

What happens when supply and demand shift at the same time?

If the increase in both demand and supply is exactly equal, there occurs a proportionate shift in the demand and supply curve. Consequently, the equilibrium price remains the same. However, the equilibrium quantity rises. In such a case, the right shift of the demand curve is more relative to that of the supply curve.

What is the meaning of demand and supply?

the amount of goods and services that are available for people to buy compared to the amount of goods and services that people want to buy If less of a product than the public wants is produced, the law of supply and demand says that more can be charged for the product.

What is the relationship of demand and supply?

It's a fundamental economic principle that when supply exceeds demand for a good or service, prices fall. When demand exceeds supply, prices tend to rise. There is an inverse relationship between the supply and prices of goods and services when demand is unchanged.

Learn more about demand and supply :

brainly.com/question/1222851

#SPJ4

6 0
1 year ago
Stan and Heidi are married and both have careers in business. If one of the two were todie, there would be a sudden drop in inco
alex41 [277]

Answer:

Life insurance.

Explanation:

Life insurance is defined as a contract that is raised between an individual and an insurance company that guarantees the payment of a particular amount tonthe individual's beneficiary in the case of death. The insurance policy requires premium to be paid on agreed intervals.

Stan and Heidi are both having caterers in business, and death of one of them will lead to decreased income.

To guard against this the couple can purchase a life insurance that will pay beneficiary a guaranteed sum in case of death of one of the partners.

This will ensure there is no sudden drop in their income.

4 0
3 years ago
On July 5, Harris Company purchased supplies from the hardware store for $600 on account. On July 10, Harris receives a bill fro
vekshin1

Answer:

Debit Accounts Payable 600, Credit Cash 600

Explanation:

as goods are purchased on credit initially it will be recorded on parable.

And when it will be paid the general entry will be:-

Account payable debit =600

cash credit = 600

Harris record the transaction on July 17

Debit Accounts Payable 600,

Credit Cash 600

3 0
3 years ago
Other questions:
  • Lucky Cow Dairy provided the following expense information for​ May: Assemblyminusline ​workers' wages $ 72 comma 300 Caps for m
    11·1 answer
  • Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, an auction
    7·1 answer
  • after all of your expenses are subtracted from your income, the money left over is known as your savings.
    14·1 answer
  • Dominic is the founder of an innovative "impromptu catering" business that provides elegant, healthy party food and decorations
    11·1 answer
  • Which one of the following statements is TRUE? a. Inside directors are more concerned with shareholders' interests since they ar
    14·1 answer
  • On June 30 (the end of the period), Brown Company has a credit balance of $2,185 in Allowance for Doubtful Accounts. An evaluati
    7·2 answers
  • What subjects does TSA emphasize?
    11·1 answer
  • Show the total cost expression and calculate the EOQ for an item with holding cost rate 18%, unit cost $8.00, annual demand of 4
    15·1 answer
  • What is true about credit unions?
    11·1 answer
  • stock x has a standard deviation of 21% per year and stock y has a standard deviation of 6% per year. the correlation between st
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!