The exchange rates of a currency are responsible for the purpose of comparison of currencies of two different countries.
<h3>What is currency exchange?</h3>
The rate at which the one currency is exchanged at with another currency(s) is known as the rate of currency exchange. These currencies generally vary with a change in their countries.
Hence, option C holds true regarding the currency exchange.
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Answer:
A) Passed the Prohibitory Act, C) Rejected the olive branch petition and D) Closed American ports to overseas trade.
It was a stand against the king. Doing this there was no turning back without heavy punishment. <span />
Answer:
D) the sixteenth amendment allowed congress to break up monopolies
Explanation:
The Sixteenth Amendment to the Constitution of the United States (Amendment XVI) allows the United States Congress to tax an income tax without apportioning it among the states according to their population or based on the results of a census. This amendment excluded Income Tax from the constitutional requirements of direct taxes, after taxes on income, dividends and interest were qualified as direct taxes by the Supreme Court ruling in the Pollock case against Farmers' Loan & Trust Co. (1895). It was ratified in February 1913.
