Answer:
The floating exchange system
Explanation:
The floating exchange rate is a system where the Forex market determines the currency price of a country relative to other currencies. The forces of demand and supply drive the prices.
In the floating exchange system, governments do not directly fix their exchange rates as they do in the fixed-exchange-rate. However, through central banks' monetary policies, governments try to keep their currency prices competitive for international trade.
<span>The veteran chosen would probably be Veteran B. Veteran A seems like he has been doing well for himself financially, and additional funds would only help to enrich him further. Veteran B has a more immediate need for the money: to buy a house large enough for him and his mother, who is probably the caretaker due to his severe injury.</span>
Answer:
a. 4/3 so the good is more expensive in the U.S
Explanation:
Nominal Exchange rate 1 $ = 10 pesos
Nominal exchange rate is the exchange rate which does not consider the impact of inflation. On the other hand, real exchange rate is calculated after adjusting inflation.
Real Exchange rate = Nominal exchange rate ×
Real Exchange rate = 10 × 20/150 = 4/3
Since the exchange rate is per USD, this means the good is more expensive in the U.S.
No, the general ledger journal entries are the individual transactions that occurred throughout the month. A transaction summary shows summaries of those transactions by type, such as by a person or department, card type, etc.