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fenix001 [56]
3 years ago
5

If the French euro devalued by 17% against the U.S. dollar, this is equivalent to a revaluation of the dollar against the euro b

y:________.A) 17%B) 16.31%C) 20.48%D) 17.54%
Business
1 answer:
jenyasd209 [6]3 years ago
3 0

Answer:

C) 20.48%

Explanation:

I will use an example to show this:

1€ = $1

if the euro depreciates by 17%, then the exchange rate will be 0.83€ = $1

in order for the euro to recover its previous value against the dollar, it needs to increase 0.17€ / 0.83€ = 0.2048 = 20.48%

in other words, a 17% depreciation is equivalent to a 20.48% revaluation.

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Answer:

Explanation:

1. Less capital: itinerant retailers have to move from one place to another , so they don't have to invest huge capital.  For example: hawkers and paddlers have to buy just a hawker and some amount of goods which they can carry.

2. Services to doorsteps: these retailers provides their goods and services at the doors of the customers.  For example: a vegetable seller sells vegetables at the doors of the customers .

3. Elasticity: the goods they sells are usually perishable in nature and whose substitutes are available in abundance. Therefore, these goods are highly elastic .

4. Economy: the goods which itinerants sells are economically cheaper, which even a low class of society can buy. For example: non-branded goods.

6 0
3 years ago
A Louisiana lease must be in writing to be valid: Select one: A. If the lease is for more than one year B. If the lease is for i
olchik [2.2K]

A Louisiana lease must be in writing to be valid at no time since written leases are not required in Louisiana. This is further explained below.

<h3>What is a lease?</h3>

Generally, lease is simply defined as a contract wherein one party transfers land, property, services, etc. to another for a defined length of time, often in exchange for monthly payments.

In conclusion, Since written leases are not needed in Louisiana, a verbal lease in Louisiana is legal at any time.

Read more about lease

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3 0
2 years ago
A trader enters into a short forward contract on 100 million yen. The forward exchange rate is$0.0090 per yen. How much does the
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Answer:idk

Explanation:idk

3 0
3 years ago
Which of the following statements is the most correct in relation to time spent by coaches and time spent by sport instructors?
Anna71 [15]

Answer:

The correct option here is A) instructors spend more time on instruction than they spend on supplemental responsibilities.

Explanation:

Instructors usually spend more time on the on job duties, they are not developing any professional relationship with its students, they are not here to improve or teach the basic skill to their students , they don't work on improving the students psychology , so it won't be wrong to say that they don't spend much time on supplemental responsibilities.

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Which of the following is a duty of a personal finance manager?
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Answer:

C. trading clients investments is the correct answer.

Explanation:

7 0
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