According to the International fisher effect , for any two countries, the spot exchange rate should change in an equal amount but in the opposite direction to the difference in nominal interest rates between the two countries.
<u>Explanation:</u>
International fisher effect states that if there is difference in nominal rate in two countries then this might affect the exchange rate of the two countries.
If any country has higher nominal interest then there is a higher chance of inflation which might result in depreciation in there currency.
For example XYZ country has 8% nominal interest and another ABC country have 10%. If we look closely, country ABC will be more appreciable but the country with higher interest will have higher inflation rate.
So, inflation depreciates the currency of country as compared with the country with low nominal interest.
As an effective intercultural communicator, your best immediate response would be to accept the difference in standards for the time being even though you’re the top personnel on the team because you must understand that everything needs adjustment, especially in a Muslim country’s culture wherein they usually believe men rather than women.
Irony of a situation refers to an event where the action that made by a certain character actually resulted in the opposite effect of what the character's intended to be. Writers usually use irony of situation to move the plot forward or as a comedic value.
The answer is Ottoman or number 3. They were no longer the disciplined fighting
force that threatened Europe. They were
not as dedicated and their performance deteriorated. Sultan OsmanII blamed them for the loss in
Poland but when he tried to get rid of them the Janissaries revolted and had
him jailed then killed.
