Hey there!
Joe's response is called a counteroffer, which is just an offer that's made in response to an offer given by someone else.
Thie helps two people come to a consensus about an offer.
Hope this helps!
I cant see anything at all and my eyes hurt
Answer:
Option (B) is correct.
Explanation:
The nominal exchange rate refers to the rate at which there is a buying and selling of goods and services among the countries. It is the amount of home currency that are needed to purchase a unit of foreign currency.
For example: A resident of India would need 75 Indian rupees to purchase a dollar of United States. Therefore, the nominal exchange rate between the India and the United States is as follows:
1 US dollar = Rs. 75
Answer:
C is Currency in circulation
M1 is Coins, Currency, money is checking account, travelers checks etc. This basically include all units of money which are highly liquid and can be used at an instant.
M2 includes M1 and certain units of money which are less liquid e.g. savings, time deposits, term deposits etc.
Here, John is withdrawing $100 from his checking account and depositing in savings account hence this will decrease the M1 since M1 does not include savings account. There will not be any change in M2 since both checking and savings account are a part of that.
Since this transaction does not include currency in circulation, there will be no impact on C.
Explanation:
