A currency is said to have appreciated when it commands a <u>larger</u>, amount of foreign currency. it results in foreign goods becoming <u>cheaper</u> for a country.
Foreign currency is something this is usually generic to have a price as a medium of alternate in order that it may be traded for goods and offerings. The trading gadget within an economy is based on its foreign money, which is normally specific to a rustic and issued with the aid of that country's government.
Currency is a medium of exchange for goods and offerings. In brief, it is cash, in the shape of paper and coins, typically issued by using a government and normally regularly occurring at its face price as a method of payment.
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Answer:
Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.
If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.
We know that if a person stay at home and eat delicious home-cooked then he must use some ingredients to cook food.
Therefore, the opportunity cost of eating the home-cooked meal is five-dollar Burger Joint gift card and the value of ingredients that are use in the home-cooked food.
Answer:
The correct answer is option D.
Explanation:
The use of plastic to produce bicycle helmets will reduce the amount of resources available to other industries that use plastic. If an industry is making helmets from plastic, they are using plastic as inputs in the production process. This will cause a reduction in the quantity of plastic available.
This plastic is used by other industries as well. They will experience a reduction in the resources available to them.
Answer:
The correct answer is letter "C": Cut your expenses by an amount greater than your deficit.
Explanation:
In case there is a deficit in your budget, it means your expenses are higher than your net income. An adjustment must be made in such circumstances. To bring back the balance in your budget, <em>you should cut your expenses by an amount higher than the amount of the deficit</em>. Otherwise, you could increase your income but keeping your expenses at the same level.
Answer:
There are usually 3 parties to a check transaction
The Drawer, the Drawee and the Payee.
The Drawee in this instance is Southern Rock Bank
Explanation:
The Bank warehousing the funds/Money is the one a check is drawn against, hence the term 'drawee"
The Account owner or representative who writes a check giving authority to the Bank to release of the Funds in its possession is the "Drawer
And the Beneficiary of the drawn up check becomes the Payee.
