<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.
Answer:
Here are three categories of president's powers and specific powers sorted into each category:
<em>Military powers
</em>
<em>Diplomatic powers
</em>
- Recognizing nations
- Making treaties
<em>Executive powers
</em>
- Granting pardons
- Nominating officials
- Signing legislation
Explanation:
<u>Military powers</u> include actions involved in the warfare and military conflicts, for example leading armed forces.
<u>Diplomatic powers</u> concern relations with other countries and international organisations, for example recognizing nations.
<u>Executive powers</u> include actions of governing the state. Though signing legislation is an example of power related to legislation, it still should be included in the category of Executive powers, because president is a part of executive branch.
Myanmar is the answer for this question
Voltaire.................