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.
Answer:
The answer is 50
Explanation:
The production possibilities frontiers measures the amount of output that a company can produce of two competing goods. This means that the company has a fixed amount of resources, and can produce a determined quantity of each of the two goods, but producing more of good x means that less resources will be available to produce more of good y.
In this example, we can suppose that for every two custom bouquets that the flower shop produces, it produces one potted plant.
If by day 3, the flower shop can produce 100 custom bouquets, then the amount of potted plants that they are able to produce is 50.
Traders, Spread by Muslim traders and scholars
Answer:
World War II or the Second World Warwas a global war that lasted from 1939 to 1945
Explanation:
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