Some countries' governments do not put any limits on the purchase of foreign currency for residents and nonresidents. these countries have a freely convertible currency.
Currency is the unit of price of money that is agreed upon by the government and its people in a country. A country has its own currency, although there are several countries that have the same type of currency. For example, in Indonesia, the currency is Rupiah, while in Japan the currency is Yen. Meanwhile, countries that use the same currency include America, Ecuador, Cambodia, Panama, and the British Indian Ocean Region.
In addition, currency can also be defined as a medium of exchange for goods and services. The party or institution that has the absolute right to issue currency is the government and its central bank.
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Answer: There would be an increase on return on investment (ROI) if current assets decrease while everything else remains the same
Explanation: This is because when the profit(returns) is constant, but the assets drops in value, the new ROI will be relative drop in value of asset.
Answer:
d) 216
Explanation:
We need to equate the value of 12th payment and t^th payment through the below formula.
=> 1000*(1+8%)^[(t-12)/12] =3700
=> (1.08)^[(t-12)/12] =3.7
=> [(t-12)/12] =17
=> t=216
Answer:
Time period corresponds to recession is D. 1937-1939
Step-by-step explaination:
Recession period is the period in which there is negative growth in stock market i.e that period in which the graph declines or accompanied by drop.
In the given interval 1931-1935 upto period 1933 the graph declines but after that it increases so it does not corresponds to recession period.
In the given interval 1931-1934, same reason as above.
In given interval 1933-1936, the graph goes to upward direction so it does not corresponds to recession period.
In the given interval 1937-1939,the graph declines upto 1939 so it corresponds to recession period.
