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:
It is the practice of voting directly for proposed laws.
Explanation:
REFERENDUM. : an event in which the people of a county, state, etc., vote for or against a law that deals with a specific issue : a public vote on a particular issue.
Referendum Measures are laws recently passed by the Legislature that are placed on the ballot because of petitions signed by voters. Referendum Bills are proposed laws referred to the electorate by the Legislature.
The social groups in ancient Egypt were pharaoh, vizier, high priests and nobles.
Pharaoh were the kings of ancient Egypt. In Egyptian civilization, the pharaohs were considered living gods. The Egyptians believed that these rulers were direct children of the god Osiris, so they acted as intermediaries between the gods and the Egyptian population.
Vizier was Pharaoh's prime minister and assisted him in managing many kingdom affairs. He had the job of transmitting the king's orders, collecting taxes, administering justice, controlling the state of public works, and also controlling river transport.
High Priests in the social hierarchy below only in Pharaoh. Endued with enormous prestige and power, they were the Priests or responsible for religion and various functions in the administration of the Egyptian Empire. They were considered the wise men of Egypt.
Nobles the third class was intended for the nobles. Among them military chiefs, who were responsible for the security of Egyptian territory.
