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4 years ago

Explain what happening in the graph with value of rand

Business

1 answer:

andrezito [222]4 years ago

8 0

Answer:

Explanation:

uth Africa's rand traded around 14.8 per USD at the end of March, its highest level since March 22th, amid a slightly softer dollar and despite the reimposition of tighter domestic lockdown restrictions ahead of the long Easter weekend. Market sentiment was supported by prospects of a global economic recovery amid upbeat PMI Chinese data while President Biden is expected to unveil a massive infrastructure plan as part of his economic relief package to boost the US economy. On the domestic economic front, South Africa's trade surplus came in better-than-expected in February. The rand headed for a 2.2% monthly gain. .

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What role does utility play in the economic model of consumer behavior? When modeling consumer behavior, utility A. reflects t

olya-2409 [2.1K]

Answer:

A. reflects the enjoyment a consumer receives from consuming a particular set of goods and services

Explanation:

When modeling consumer behavior, utility reflects the enjoyment a consumer receives from consuming a particular set of goods and services

4 0

3 years ago

There are five basic steps to personal financial planning and their related tasks. Arrange these steps and examples of related t

Allushta [10]

Answer:

The correct order is:

D. Define your financial goals. Pay off credit card(s) by the end of this school term.

B. Evaluate your financial health. Record all expenses for a month to compare income and expenses.

A. Develop a plan of action. Develop a budget matching income and projected expenses for the remainder of this academic year.

E. Implement the plan. Reduce expenses in problem areas so amounts do not exceed budgeted projections.

C. Review progress on the plan, reevaluate the plan, and revise the plan or start over with a new one. Based on this year, develop a revised budget for next year based on projected income and expenses.

Explanation:

The first step in financial planning is to determine your financial goals: buying a house, paying off credit card debt, paying off student loans, etc.

Next, your personal financial situation must be assessed in order to determine how far you are from achieving your financial goal.

The third step consists in devising the plan: the plan should try to concile your goals with your financial situation. The idea is to find a way to realistically attain your financial goals.

The fourth step is to implement the plan, and the fifth step is to review the results of the plan periodically, in order to correct any mistakes, or to design a new plan altogether.

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3 years ago

15 points) Assume the following information regarding U.S. and European annualized interest rates: Currency Lending Rate Borrowi

Masja [62]

Answer:

The Trainor Bank's dollar profit from speculating if the spot rate of the euro is in fact $1.10 in 90 days is $5,79,845

Explanation:

Bank Z borrow = €20 million

Spot rate 1€ = $1.13

Convert € in to $

€20 million *1.13 = $22.60 million

Lend $2,26,00,000 at interest rate of 6.73% for 90 days ( Assume total number of days in a year is 360)

= $2,26,00,000 + $2,26,00,000*(90/360)*6.73%

= $2,29,80,245

We need to find the euro to be repaid = €2,00,00,000 + €2,00,00,000*7.28%*(90/360)

= €2,03,64,000

To be repaid in $:-

€2,03,64,000*1.10 = $2,24,00,400

Profit from speculating in $ = $2,29,80,245 - $2,24,00,400

= $5,79,845

Therefore, The Trainor Bank's dollar profit from speculating if the spot rate of the euro is in fact $1.10 in 90 days is $5,79,845

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3 years ago

True or False? When completing the Self-Evaluation Section of Your Career Plan- In your Freshman Year, your numbers will probabl

Anestetic [448]

Answer:

True. (unless your in advanced classes)

if your in advanced classes you would be classified as smarter than a certain grade level.

sorry if this doesn't help.

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3 years ago

Any excess funds above those required to pay off encumbrances realized at a foreclosure sale belong to:

Shkiper50 [21]

Answer:

Any excess funds above those required to pay-off encumbrances realized at a foreclosure sale belong to common stockholders.

Explanation:

Common stockholders are the legal owners of a company. Any excess funds realized at a foreclosure sale are distributed to common stockholders.

6 0

3 years ago

Explain what happening in the graph with value of rand​

Explain what happening in the graph with value of rand