Answer:
HIOP is the correct answer for this question
A flexible exchange rate is a rate that is determined by details of demand and supply in the foreign exchange market. Here the value is permitted to fluctuate freely according to the transformation in demand and supply of foreign exchange.
<h3>How an exchange rate fluctuates through the exchange of demand and supply?</h3>
As the price of a foreign currency gains, the quantity supplied by that currency increases. Exchange rates are defined just like other prices: by the exchange of supply and demand. At the equilibrium exchange rate, the supply and demand for a cash are equal.
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Answer and explanation:
<em>The house owner is correct</em> because <em>strict liability</em> applies in the case. Strict liability refers to the responsibility an individual or organization has over actions incurred even if there was no intention of causing property or personal injuries. Strict liability only considers if the action was the result of the damage.
Answer: A - saver or as a supplier of funds
Explanation: From the above question, Monika is a saver because her income exceeds her expenses.
In this case she saves more on a regular basis because she controls her expenses and would not allow her expenses to be more than her income.
Going further, she is also a supplier of funds as her excess funds kept in the bank is a source of funds for the bank to loan out to generate interest.
Answer:
Only 1 dock is required since its overall cost is lower than having two docks
Explanation:
Solution
Given that:
let us consider the data given for the warehouse:
the cost per day/driver truck = $300
Cost per day/Dock plus loading crew = $100
Arrival rate λ = 3 per day
Service rate μ = 5 per day
Now,
we compute the utilization of the ware house
Utilization =λ/μ
= 3/5
ρ = 0.6
Only 1 dock is required since its overall cost is lower than having two docks
