Yes and no, if you are of United States yes, if not No
It is necessary for a traveler to visit the currency exchange, if he/she is traveling to foreign countries. The currency of his country is exchanged against the currency to which it is pegged.
The exchange rate of the currency can be determined in two ways: fixed rate and floating rate.
<u>Explanation</u>:
The currency exchange is a business that has the legal right to exchange the currency of one country with the currency of another country. This type of business is known as foreign exchange market.
It is necessary for a traveler to visit the currency exchange, if he/she is traveling to foreign countries. Each and every country has unique currency system. It is necessary to get the currency of the country we are visiting.
The exchange rate of the currency can be determined in two ways: <u>fixed rate </u>and <u>floating rate</u>.
The exchange rate of the currency is decided by the government based on the market force and geopolitical condition.
Answer:
The answer is: It will increase.
Explanation:
According to the law of supply and demand, when the price of an specific good or service decreases, the quantity demanded for that good or service will increase.
For example, if the price for a movie ticket is $10, 100 people will go to the movies. If the movie theater starts a promotion and lowers the price for movie tickets to $6, many more customers will be willing to go the movies. Either because they believe watching a movie in the theater is worth 6$ or more, or because they will now be able to afford going to the theater.
Answer:
A. $24,000
Explanation:
The missing information is shown below:
Allen capital $60,000
Burns capital $30,000
Costello capital $90,000
For computing the balance of Burns’s capital account, first we have to determine the different amount which is shown below:
= Paid amount - Costello capital
= $100,000 - $90,000
= $10,000
This bonus amount would be deducted from the remaining partner's balances in the ratio of 3:2
For Burns, it would be
= $10,000 × 3 ÷ 5
= $6,000
So, the burns capital amount would be
= $30,000 - $6,000
= $24,000
Answer: -9
Explanation:
The Tax multiplier of a nation shows how much the aggregate demand of an economy will change if there is a change in taxes.
It is calculated by the formula:
= -MPC / ( 1 - MPC)
= -0.9 / (1 - 0.9)
= -9
<em>If taxes are reduced, aggregate demand would increase by 9 times. </em>
