The pound will appreciate.
An appreciation means a growth in the cost of a currency in opposition to different foreign forex. An appreciation makes exports extra steeply priced and imports less expensive. An instance of an appreciation in the value of the Pound 2009 – 2012. Jan 2009 If £1 = €1.1.
Foreign money appreciation commonly reduces inflation due to the fact imports come to be inexpensive and the decreased prices lead to decreasing inflation. It makes imports extra appealing, causing the demand for neighborhood merchandise to fall. neighborhood organizations generally must reduce fees and boom productiveness as a way to stay competitive.
In 2021-22, the GBP-USD trade charge is forecast to understand with the aid of four.6%, with £1 returning US$1.3679 on common during the 12 months. on the time of guide, the BoE day-by-day spot exchange charge was £1 same to US$1.3404 on 02 March 2022.
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Answer:
The economy of the Gilded Age was characterized by:
(i) economic growth and high unemployment among unskilled workers.
(ii) a deep recession in which high unemployment fueled massive and rebellious social change.
(iii) slow economic growth and high unemployment among the middle class.
(iv) rapid economic growth and social change.
Economy:
Economy simply indicates an arrangement in which the people are indulged in consumption, and other economic activities. No arrangement can ever be said as an economy without the prevalence of economic activities.
Answer and Explanation: 1
The correct answer is (iii) slow economic growth and high unemployment among the middle class
In the US, glided age resembles the scenario prevailing in the last phase of 19th century. The primary feature of this age is the slower pace of economic growth. This indicates when the economy is least indulged in industries. Also, several people stay unemployed despite lying within middle-income classes. This is because if the people lying in the middle class are unemployed, then it could be understood that poverty would be extreme in an economy.
Answer:
Hannah will lose her suit.
Explanation:
Niels and Hannah did not have a binding deal. They did not decide on a specific lot of land or on a price. It is never even decided how the two of them will decide on a fair method of agreeing on the price. Don't be fooled by words like binding contract. The terms are too vague and therefore Hannah will ultimately lose the case.
Answer:
January 31
Dr Salary expenses $ 1,650
Cr Salary Payable $ 1,650
February 9
Dr Salary expenses $ 5,850
Cr Salary Payable $ 1,650
Cr Cash $ 7,500
Explanation:
Preparation of the journal entries for January 31 and February 9
January 31
Dr Salary expenses $ 1,650
Cr Salary Payable $ 1,650
( To record actual salary payable )
February 9
Dr Salary expenses $ 5,850
($7,500-$1,650)
Cr Salary Payable $ 1,650
Cr Cash $ 7,500
(To record total salaries paid with accrued salary of January)
