Answer: pegged exchange rate
Explanation:
A pegged exchange rate also referred to as the fixed exchange rate, sometimes is an exchange rate regime type whereby the value of a currency is fixed by the monetary authority of a particular country against the value of the currency of another country.
This is the type of exchange rate used by the Chinese government in the question above.
According to one source from the internet, the cross-border sales is projected to top $450 within the next 5 years. Cross-border trade is the process of buying and selling of products, selling goods and services between business domestically or in the neighborhood countries.
Answer:
c) created both inflation and recession in the United States in the 1970s.
Explanation:
the recession and inflation started from '72 and end up in the earlys '80 is considered the greatest failure of American macroeconomic policy in the postwar period.
It was the cause of 1973 oil crisis when the Arab countries made an oil embargo against nations perceived as supporters for israel. Amongs this nation was the USA, the UK and Canada. This make the oil price to rise up to 400% This situation made a market crash and then, US leave the gold standard Also, within this period, the industrial areas in the countries to re-structure to consume less oil as it was scarse
During the period about 3 million of jobs were lost and inflation made peak at 20% per year.
Answer:
The correct answer is C
Explanation:
Liabilities is the legal financial debts or the obligation of the company which arise during the course of the operations of the business.
The debit increases the following accounts which are expense or the assets accounts. And decreases the equity, liability and revenue accounts.
In other words, the accounts which are decreased through debits are the liabilities which involve Interest Payable, Notes Payable and Accounts Payable. And Stockholders' Equity which involve retained earnings and common stock.
Answer:
Explanation:
VAT was introduced across the UAE on 1st January 2018 at a standard rate of 5%.