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3 years ago

Which of the following accurately describes the process of currency

Business

1 answer:

DIA [1.3K]3 years ago

6 0

Answer:

C. Money from one country is bought using money from another

Explanation:

A currency exchange is seen as a type of business that has the right to exchange one currency for another to its customers or between two or.more different countries. Although the right to exchange this currency are often legal.

Therefore doing CURRENCY EXCHANGE the exchange rate is often how much of a country's currency have to buys another foreign currency which is why for some countries, exchange rates tend to constantly change while some countries tend to use a fixed exchange rate which does not often change .

Hence CURRENCY EXCHANGE enables money from one country to be bought using money from another.

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Determine the total cost for this plan given the following forecast:

goblinko [34]

Answer:

Month

1 2 3 4 5 6

Units

Forecasted Demand 380 400 420 440 460 480

Regular Production 400 400 400 400 400 400

Overtime 0 0 0 40 40 40

Subcontracting 0 0 0 0 20 40

Inventory at end of month 20 20 0 0 0 0

Cost

Regular Production $10,000 $10,000 $10,000 $10,000 $10,000 $10,000

Overtime production cost $0 0 $0 $1,600 $1,600 $1,600

Subcontract cost $0 0 $0 $0 $1,200 $2,400

Inventory holding cost $300 $300 $0 $0 $0 $0

Total Cost $69,000

Explanation:

3 0

3 years ago

Explain<br> What an<br> organization High- uncertainty is

Korolek [52]

In a country with a high uncertainty avoidance majority of people have an increased level of anxiety about uncertainty and ambiguity

5 0

2 years ago

Ivy orally agrees to buy a unique collection of sports memorabilia for $10,000 from Jess and sends $2,500 as an initial payment.

kow [346]

Answer:

D. specific performance.

Explanation:

Specific performance -

It is the act or the order by the court , in order to solve an any conflict for the law of contract .

This is basically used to solve any issue related to land , property or any goods or services , this practice is used in case of any personal service .

It helps the people to against any form of injustice or malpractice .

It is a form of forced action , which helps with some previous transaction , and is one of the best remedy for the problem .

6 0

3 years ago

Rick Palmer received a $2,500 raise this year. This increased his salary as an associate TV producer from $45,000 to $47,500. Wh

PilotLPTM [1.2K]

Answer: Rick had a 5.55% nominal salary Increase.

Explanation: In Finances & Economics , Nominal value is measured in terms of money . This means that the value has not been adjusted against inflation and will only show the "Number Value" rather than the economic value which is how much purchase power this salary increase really means.

The formula to calculate the % for this nominal increase is : (Final Value - Initial Value) / Initial Value * 100 ==>> ($47500-$45000)/$45000 = 0.55 *100 ===> 5.5%

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3 years ago

Explain why a relative price is an opportunity cost. The money price of a pound of bananas is $0. 90 and the money price of a tu

dimaraw [331]

The opportunity cost is stated in relative pricing, that is, the price of one option in comparison to another.

When there are numerous vendors in a market but no one is significant enough to control the price of a product. Because both items must be produced, the relative price must match the opportunity cost. If the opportunity cost of one good is lower in the home country than so will be the relative price.

As bananas cost $0.90 per kg, so, if a toothpaste is for $2.25, we are forgoing 2.25 kgs banana (2.25/0.9). Thus, the opportunity cost is 2.5 kg bananas which is equal to the relative price of bananas.

Therefore, relative price is an opportunity cost.

To know more about relative price click here:

brainly.com/question/14187254

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6 0

1 year ago