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Natalija [7]
3 years ago
7

Imagine that there are two economies in the​ world: Bostonia and New Yorkland.​ Bostonia's currency is the sock and New​ Yorklan

d's is the yank. Despite the​ long-standing rivalry between their​ citizens, Bostonia and New Yorkland are trading partners. The Central Bank of New Yorkland decides to conduct contractionary monetary policy. What would be the​ short-run effect, if​ any, on the​ yank/sock nominal exchange​ rate?
Business
1 answer:
BigorU [14]3 years ago
3 0

Answer:

Yank appreciates in relation to Sock

Explanation:

A contractionary monetary policy either results in increased interest rates in New Yorkland or reduced money supply or both.

Increased interest rated would mean that people would save more to take advantage of an increased saving rate. This would cause people to save money and thus reduce the supply of money. The law of demand and supply suggests that lesser supply would up the price that is it would appreciate. This is also true as people in Bostonia may also want to save in New Yorkland thus reducing the supply further as they demand more Yank.

Reducing the money supply any other way would mean as both countries are trade partners there will be demand for Yank but as supply is constricted, it would again appreciate.

Hope that helps.

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Cheers.

8 0
2 years ago
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Explanation:

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The main responsibility of the brand manager in the decentralized system is that it helps in adopting the various types of strategies for the purpose of achieving the given target in an organization by maintaining the brand integrity.  

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  Therefore, Brand manager is the correct answer.

4 0
3 years ago
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xenn [34]

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Good investing should be backed by history and science as opposed to over-ambitious, loophole-filled plots.

Explanation:

please give brainliest

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2 years ago
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kykrilka [37]

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7 0
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list four strategies that individuals, families, businesses, and government apply when making financial decisions.
Agata [3.3K]

While making financial decision one should keep in mind the Cost-benefit analysis, marginal analysis, trade-offs, and opportunity costs.

<h3>What are the strategies for making better fianancial decision?</h3>

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1. Consistently Use Reliable Accounts

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4. Ensure That Major Initiatives' Financial Impact Is Always Calculated

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Learn more about the Business finance with the help of the given link:

brainly.com/question/10024737

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