The correct answer should be He developed guidelines for the basics of mapmaking.
He set many standards in mapmaking and described many processes to the world and many of these are so correct that they are even used nowadays.
<u>Answer:</u>
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.
He defines knowledge as the connection and agreement
Answer:
Invisible hand , did not edge
Explanation:
just did it they were correct
