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krok68 [10]
3 years ago
14

n an open economy, why is the supply curve for dollars in the foreign-currency exchange market vertical?

Business
1 answer:
Zarrin [17]3 years ago
4 0

Answer:

In an open economy, the supply curve for dollars in the foreing-currency exhange market is vertical, because the supply does not depend on the exchange currency rate.

The supply of dollars in an open economy depends on the interest rate, which is determined by the difference between imports and exports (which is the same as the difference between purchases and sales of foreign capital).

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which term is defined as the state government granting power, license, or real property to a private individual or individuals u
insens350 [35]

law on property rights is defined as the state government granting power, license, or real property to a private individual or individuals using a land patent

A property's legal ownership and permitted uses are governed by property right law. When it comes to land, it has been noted that theft is common. People who purchase properties often lose them to thieves when they are resold to someone else who is unaware that the property has already been sold to someone else. The property right law was established to stop this circumstance from occurring frequently so that the owner of a plot of land would have the legal right to claim ownership for it and use it for any purpose he desired without fear of it being taken by someone else.

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6 0
1 year ago
"Choose your favorite financial institution: bank or credit union. Are the Financial Statements available online? How do they co
tamaranim1 [39]

Answer:

I have selected Standard Chartered Bank which is one of the leading banks in the world. It has more than 1200 branches across 70 countries in the world. The head quarter of the bank is in the city of London, England.

The financial statements of the banks are available online. These financial statements are compared with similar other banks or industry averages to analyse the performance of the bank.

Explanation:

Standard Chartered is one of the finest bank in the world. The banking sector has been always striving to serve people better and standard chartered has made this possible. The financial statements of the bank are available online. One can easily go to the banks website of their respective country and click the about us tab. Then in the about us tab there is detail about company operations and their mission vision statements along with free and complete access to financial statements.

4 0
3 years ago
What is the prime rate? a. the prime rate is the best interest rate that banks offer their most creditworthy customers. b. the p
trapecia [35]

Prime rate is (a) the best interest rate that banks offer their most creditworthy customers.

A prime rate is decided by the bank to lend money to its customers where the credit giving is decided on the basis of the credit history and points on the customers formally known as the credit rate of investment.

It totally depends upon the allowance of credit by financial institutions and then the payment made by the loan taking customers within a stipulated time frame.

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3 0
1 year ago
Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,800 units (solar panels) in July a
azamat

Answer and Explanation:

The preparation of the factory overhead budget for August month is shown below:

Total budgeted direct labor  $286,000

(5,500 × 4 hours × $13)  

variable factory overhead 70%

Budgeted overhead  $200,200 ($286,000 × 70%)

Add: Fixed overhead $179,000

Budgeted total factory overhead $379,200

Hence, the budgeted total factory overhead is $379,200

4 0
3 years ago
Boswell company manufactures two products, regular and supreme. boswell's overhead costs consist of machining, $3,000,000; and a
yawa3891 [41]
Total overhead costs
3000000+1500000=4500000

Total direct labor hours
10000+15000=25000 hours

Predetermined oH rate
4500000÷25000=180

Overhead applied to regular
180×10000 h =1800000...answer


4 0
2 years ago
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