"extolled" means to praise some thing highly.
<u>Answer:</u>
According to the International fisher effect , for any two countries, the spot exchange rate should change in an equal amount but in the opposite direction to the difference in nominal interest rates between the two countries.
<u>Explanation:</u>
- International fisher effect states that if there is difference in nominal rate in two countries then this might affect the exchange rate of the two countries.
- If any country has higher nominal interest then there is a higher chance of inflation which might result in depreciation in there currency.
- For example XYZ country has 8% nominal interest and another ABC country have 10%. If we look closely, country ABC will be more appreciable but the country with higher interest will have higher inflation rate.
- So, inflation depreciates the currency of country as compared with the country with low nominal interest.
It has blue color stripe.
A mooring buoy is a thing which floats on the surface of the water and is anchored to the bottom to which you can tie up your boat. They are used for securing boats without an anchor. A permanent mooring system when properly designed should securely position a boat so that it can be left unattended, with little attention for a long periods of time.
Answer/Explanation:
An irrigation system represents a stable food supply because it is how they controlled water to be able to plant crops. A second most important artifact that is in the category of stable food supply is the plow. Agriculture produced enough food that people became free to pursue interests other than worrying about what they were going to eat that day.
