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3 years ago

Which of the following best explains what happens to the exchange rate of a

Business

1 answer:

grigory [225]3 years ago

7 0

Answer:

the correct answer is D. The exchange rate for that currency changes depending on the operations of the free market

Explanation:

their is this market called Foreign Exchange market or simply known as the FOREX Market. It is the largest market in the world where trillions of dollars are exchanged daily.

the main determinant of the prices and the exchange rates of the each currency is the market supply and demand. more demand will set the rates higher while more supply will decrease the rates.

nowadays, currencies are not pegged to the gold prices and we abandoned the gold standards some time ago. so gold prices have no effect on the exchange rates now.

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Your wealthy uncle established a $2,100 bank account for you when you were born. For the first 9 years of your life, the interes

zloy xaker [14]

The future value of the account established by the wealthy uncle will be $3,943.86 after 23 years at the two interest rates.

<h3>What is future value?</h3>

The future value of an amount is the value obtained in the future after compounding at an interest rate.

The future values after years 9 and 23 can be determined using an online finance calculator as follows:

<h3>Future Value of $2,100 after 9 years:</h3>

N (# of periods) = 9 years

I/Y (Interest per year) = 4%

PV (Present Value) = $2,100

PMT (Periodic Payment) = $0

<u>Results:</u>

FV = $2,988.95

Total Interest $888.95

<h3>Future Value of $2,988.95 after 14 years:</h3>

N (# of periods) 14 (23 - 9)

I/Y (Interest per year) = 2%

PV (Present Value) = $2,988.95

PMT (Periodic Payment) = $0

<u>Results:</u>

FV = $3,943.86

Total Interest $954.91

Thus, the future value of the account established by the wealthy uncle will be $3,943.86 after 23 years at the two interest rates.

Learn more about future values at brainly.com/question/24703884

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6 0

2 years ago

Indirect labor and indirect materials are classified as factory overhead and product costs factory overhead and period costs ope

Dvinal [7]

Answer:

True

Explanation:

Product costs are the costs directly incurred from the manufacturing process. The three basic categories of product costs they are;

1) direct material

2) direct labour

3) manufacturing (factory) overhead.

Manufacturing overhead cost also include the following;

a) indirect labour: Indirect labor is the labor of those who are not directly involved in the production of the products.

b) indirect material: Indirect materials are materials that are used in the production process but that are not directly traceable to the product.

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3 years ago

Your general speech topic is dog obedience, and you have arranged an interview with an authority. what is your next task?

valentinak56 [21]

It is to research about dog behavior

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3 years ago

. Find the accumulated present value of a continuous income stream that earns 4.2% interest annually, when $4000 is deposited pe

Mars2501 [29]

Answer:

The accumulated present value is $67,518.99.

Explanation:

Investment opportunities that require a series of payments of a fixed amount for a specific number of periods are known as annuities.

The Present Value of this annuity can be calculated as :

Fv = $0

n = 30

r = 4.2 %

Pmt = - $4,000

P/ yr = 1

Pv = ?

Using a financial calculator, the Present Value (PV) of the annuity is $67,518.9948 or $67,518.99.

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3 years ago

What are a firms four major financial needs?

TEA [102]

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3 years ago