Answer:
There will be <em>no depreciation (shift)</em> <em>because</em> it is not an open market FX floating rate exchange
Explanation:
All over the world, some countries operate <em>floating rate exchange policy</em> in which the value of <em>a currency increases or decreases based on demand and supply in the forex market.</em>
In the case of <em>Central African CFA</em> (XAF), there would <em>not be a shift in the value of the currency in the FX market as a result of the currency value being controlled rigidly (Non-floating rate exchange method) irrespective of the political scandal in some areas of the region or not. </em>This is also similar to the situation where by a country in the CFA region still has a <em>stable currency exchange rate against Euro irrespective of the terrorism activities or economic situation they are passing through at that particular point in time.</em>
Venetian explorer, Marco Polo, told his cellmate during his imprisonment after the Venetian-Genoese War about his travels to the Far East. These accounts became a book , later entitled "The Travels of Marco Polo" which was influential in sparking people's curiosity of the East.
The first impact was that Marco Polo was able to bring elements of Western culture to the East and Eastern culture back to the West. Because of his exploration Indonesia, Mongolia, Sri Lanka, and India, China began to experience Western culture.
Next, Marco Polo's interactions with Mongolian emperor Kublai Khan led to commercial exchange with Western merchants who were now arriving in China. This increased Chinese's growth as a civilization.
The Silk Road, an easier route to travel around the Gobi Desert, traced by the Polos had a huge effect in the future of European and Chinese interaction. It would prove to be a more effective route than to sail the oceans to China.
<span>Just read it and pick 5! "He" refers to the King of England:
He has refused his Assent to Laws, the most wholesome and necessary for the public Good.
He has forbidden his Governors to pass Laws of immediate and pressing Importance, unless suspended in their Operation till his Assent should be obtained; and when so suspended, he has utterly neglected to attend to them.
He has refused to pass other Laws for the Accommodation of large Districts of People; unless those People would relinquish the Right of Representation in the Legislature, a Right inestimable to them, and formidable to Tyrants only.
He has called together Legislative Bodies at Places unusual, uncomfortable, and distant from the Depository of their public Records, for the sole Purpose of fatiguing them into Compliance with his Measures.
He has dissolved Representative Houses repeatedly, for opposing with manly Firmness his Invasions on the Rights of the People.
He has refused for a long Time, after such Dissolutions, to cause others to be elected; whereby the Legislative Powers, incapable of Annihilation, have returned to the People at large for their exercise; the State remaining in the mean time exposed to all the Dangers of Invasion from without, and Convulsions within.
He has endeavoured to prevent the Population of these States; for that Purpose obstructing the Laws for Naturalization of Foreigners; refusing to pass others to encourage their Migrations hither, and raising the Conditions of new Appropriations of Lands.
He has obstructed the Administration of Justice, by refusing his Assent to Laws for establishing Judiciary Powers.
He has made Judges dependent on his Will alone, for the Tenure of their Offices, and Amount and Payment of their Salaries.
He has erected a Multitude of new Offices, and sent hither Swarms of Officers to harass our People, and eat out their Substance.
He has kept among us, in Times of Peace, Standing Armies, without the consent of our Legislature.
He has affected to render the Military independent of and superior to the Civil Power.
He has combined with others to subject us to a Jurisdiction foreign to our Constitution, and unacknowledged by our Laws; giving his Assent to their Acts of pretended Legislation:
For quartering large Bodies of Armed Troops among us:
For protecting them, by a mock Trial, from Punishment for any Murders which they should commit on the Inhabitants of these States:
For cutting off our Trade with all Parts of the World:
For imposing taxes on us without our Consent:
For depriving us, in many Cases, of the Benefits of Trial by Jury:
For transporting us beyond the Seas to be tried for pretended Offences:
For abolishing the free System of English Laws in a neighbouring Province, establishing therein an arbitrary Government, and enlarging its Boundaries, so as to render it at once an Example and fit Instrument for introducing the same absolute Rule in these Colonies:
For taking away our Charters, abolishing our most valuable Laws, and altering fundamentally the Forms of our Governments:
For suspending our own Legislatures, and declaring themselves invested with Powers to legislate for us in all Cases whatsoever.
He has abdicated Government here, by declaring us out of his Protection and waging War against us.
He has plundered our seas, ravaged our Coasts, burnt our Towns, and destroyed the Lives of our People.
He is, at this Time, transporting large Armies of foreign Mercenaries to complete the Works of Death, Desolation, and Tyranny, already begun with circumstances of Cruelty and Perfidy, scarcely paralleled in the most barbarous Ages, and totally unworthy the Head of a civilized Nation.
He has constrained our fellow Citizens taken Captive on the high Seas to bear Arms against their Country, to become the Executioners of their Friends and Brethren, or to fall themselves by their Hands.
He has excited domestic Insurrections among us, and has endeavoured to bring on the Inhabitants of our Frontiers, the merciless Indian Savages, whose known Rule of Warfare, is an undistinguished Destruction, of all Ages, Sexes and Conditions.</span>
