For this table, the reference currency is the Euro.
- The reference currency means that the euro is the base unit, the table shows how much is one euro worth in the different currencies. This can be observed on the first row of the second column where it says (euro= 1)
The exchange rate of the euro to the US dollar and most other currencies is determined by supply and demand.
- Most countries have a flexible exchange rate. This means that the government does not have a fixed exchange rate. With a fixed exchange rate the government compromises to give a given amount of money in exchange for one unit of a specific currency. Whenever, there is a flexible exchange rate, the price of another currency is determined by the incoming and outgoing capital.
According to the chart, one euro would buy 1.2149 Swiss francs.
- This can be found in the fourth row and second column of the chart.
- 1 euro = 1.2149 Swiss francs
It would cost 1.28 US dollars to buy one euro.
- 1 euro = 1.28 US dollars
- This can be found in the last row and second column of the chart.
It has the " Me" that represents the expectations and attitudes of others.
And the "I" which represents the person´s individuality as a major instrument of social control.
In the light of your question I think it was a Russian success and the US is yet to achieve such achievements. During that time when the Cold War is in the climax between the two superpowers both competed not only in arms race but technological advances trying to outwit each other. The Russians gain the upper hand because they were able to make the things stated above before the United States but in the end the US was able to make also such things in their own ways and successfully outwitting the USSR in economy and world power.
Isolationist because they had no intentions on joining the war before pearl harbor
