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The determination of the exchange rate is made through the currency market. The exchange rate as the price of a currency is established, as in any other market, by the meeting of supply and demand of currencies. If you analyze, for example, a hypothetical situation, in which there are only two currencies the euro and the dollar. The demand for dollars (supply of euros) arises when consumers in different European countries need dollars to buy goods from the United States. In the same way dollars are needed if a European company wants to buy a building in New York, when a German citizen travels as a tourist to San Francisco or if a Swedish company buys shares in a US entity, but there may still be an additional reason to demand dollars that is pure speculation, that is, the thought that the dollar will rise in value against the euro will cause the demand for dollars to rise.
If the opposite is analyzed, the supply of dollars (demand for euros), this is done by all those companies and citizens who need euros for their needs (basically the same ones that we have analyzed before, purchase of goods and services, investments and speculation. )
The balance in a competitive market between supply and demand will mark the price of the dollar against the euro or what is the same the price of the euro against the dollar. In currency markets depreciation is known as the decline in the price of one currency over another.
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Asia is the largest and most populous continent and the birthplace of many religions including Buddhism, Christianity, Confucianism, Hinduism, Islam, Jainism, Judaism, Shinto, Sikhism, Taoism, and Zoroastrianism. All major religious traditions are practiced in the region and new forms are constantly emerging (religion in asia)
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HomeEntertainment & Pop CultureMusic, Contemporary GenresFolk Music
African music (song in Africa)
Gerhard Kubik See All Contributors
Cultural Anthropologist, Institute of Ethnology, University of Vienna. Author of Theory of African Music (2 vol.) and others.
See Article History
African music, the musical sounds and practices of all indigenous peoples of Africa, including the Berber in the Sahara and the San (Bushmen) and Khoikhoin (Hottentot) in Southern Africa. The music of European settler communities and that of Arab North Africa are not included in the present discussion. For the music of Islamic Africa, see Islamic arts: Music.
Answer:
The entire territory of the Royal Niger Company came into the hands of the British government. On 1 January 1900, the British Empire created the Southern Nigeria Protectorate and the Northern Nigeria Protectorate. ... On 27 October 1958 Britain agreed that Nigeria would become an independent state on 1 October 1960.
Explanation:
The highest level of measurement that is illustrated by this example is 10
