<span> basically says that any power that is not given to the federal government is given to the people or the states.</span>
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>
Answer:
What law are you addressing??
<3 Todo
Explanation:
Answer:
The two categories of sources of credit are formal and informal sources.
Explanation:
The formal source of credit as the name implies is an official means of obtaining loans. Its features include,
1. It is administered by corporate institutions like banks and other lending bodies.
2. It is regulated by a body in the relevant country.
3. There are recognized and standard interest rates that must be paid by the borrower.
4. It is guided by laws which both parties are expected to keep.
The Informal sources of credit are unofficial means of borrowing funds There features include,
1. They can be obtained from friends, relatives, and acquaintances.
2. There are no standard interest rates as these are determined by the lenders.
3. There are no official bodies to regulate the lending process.
4. They are mostly used by poor businessmen and women who need small loans.
