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dimulka [17.4K]
2 years ago
14

In at least two complete sentences, explain why a traveler will need to visit a currency exchange. Include how exchange rates ar

e determined.
Business
1 answer:
Ugo [173]2 years ago
5 0

It is necessary for a traveler to visit the currency exchange, if he/she is traveling to foreign countries. The currency of his country is exchanged against the currency to which it is pegged.

The exchange rate of the currency can be determined in two ways: fixed rate and floating rate.  

<u>Explanation</u>:

The currency exchange is a business that has the legal right to exchange the currency of one country with the currency of another country. This type of business is known as foreign exchange market.

It is necessary for a traveler to visit the currency exchange, if he/she is traveling to foreign countries. Each and every country has unique currency system. It is necessary to get the currency of the country we are visiting.

The exchange rate of the currency can be determined in two ways: <u>fixed rate </u>and <u>floating rate</u>.

The exchange rate of the currency is decided by the government based on the market force and geopolitical condition.

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A young man is the beneficiary of a huge trust fund 35 years ago. If they had set aside $25,000, how much will be in the trust n
Pachacha [2.7K]

Answer:

The correct answer is $59.330.13.

Explanation:

According to the scenario the given data are as follows:

Amount (p) = $25,000

Interest rate (r) = 2.5%

Time (T) = 35 years

So, we can calculate the amount they could invest by using following formula:

CI = P ( 1 + R)^t

= $25,000 ( 1 + 0.025)^35

= $25,000 ( 2.37320518607)

= $59,330.13

Hence, the amount they could invest is $59,330.13.

6 0
3 years ago
At an aquarium, 6 out of 18 deliveries are plants. Out pf 15 deliveries in one week, how many are plants?
Alekssandra [29.7K]

It looks like the answer would be 2 because 6 x 3 = 18, but 6 can only go into 15 2 times. 6, 12, 18. Hope this helps! Plz mark me brainliest!!!

3 0
3 years ago
4. Does the same thing work for every customer?
Ann [662]

Answer:

No all customers are diffrent one might like the smell of lavender when one customer might hate lavender and like the smell of honey.

Explanation:

5 0
3 years ago
Read 2 more answers
When using the IDRC to assess the external environment the company will look at which of the following?
SpyIntel [72]

Answer: Knowledge

 

Explanation: IDRC engages in expertise, creativity, and strategies to increase the quality of life in developing countries as a segment of Canada's international affairs and development activities. IDRC aims to address realistic development issues with the brilliant minds in Canada and across the globe.

In addition to promoting global stability and development, partnering with local academic institutions and financing agencies effectively decreases reliance on assistance while establishing political leadership.

Thus, from the above we can conclude that the primary focus in the program is on knowledge.

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2 years ago
Which type of accounting information is intended to satisfy the needs of external users of accounting information
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The type of accounting information intended to satisfy the needs of external users of accounting information is the Financial accounting.

<h3>Financial accounting</h3>

Financial accounting is the field of accounting concerned with the summary, and reporting of transactions related to a business.

In comparison with other fields, Managerial accounting includes accounting of cost, and intended for the use of internal users of the business.

Tax accounting is specifically intended for tax.

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Read more about<em> accounting</em> here:

brainly.com/question/24357323

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1 year ago
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