Answer:
tacit cooperation is the correct answer.
Explanation:
Exchange rates are an effective way to analyze the price of one currency in terms of another currency with the tools of demand and supply.
<h3>What do you mean by exchange rate?</h3>
Exchange rates refer to the value of one's nation's currency over the currency of another nation.
An exchange rate can be fixed or free-floating. A fixed exchange rate is pegged to the value of other currency and a free-floating exchange rate may rise or fall due to changes in the foreign exchange market.
Thus, exchange rates are an effective way to analyze the price of one currency in terms of another currency with the tools of demand and supply.
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Answer:
Business activities may broadly be classified into two categories namely (A) Industry and (B) Commerce. Industry involves production of goods and services whereas commerce is concerned with the distribution of goods and services.
Explanation:
hope helps
The taxable income for that person is $47,810 and the tax liability can be found by multiplying the taxable income by the tax rate. The person does not have any adjustment to his/her salary, therefore all of his salary amounts becomes the taxable income. The tax liability can be found by multiplying the $47,810 with a specific tax rate.