<u>The correct answers are the following:</u>
- showing the relative strength of different nations’ currencies.
- examining spending patterns across nations and continents.
The exchange rate provides the amount of one currency that has to be provided (price) in order to obtain one unit of a different currency.
Exchange rates are mostly fixed by the forces of supply and demand, hence, depending on consumer needs and preferences and of their relative abudance or scarcity. Threfore, <u>the final exchange rate (price) reached in the market shows the strength of a currency against a foreign one. </u>
Moreover, demand and supply of currencies arise due to international commercial activities that require traders to exchange their money into a different currencies if they want to purchase/sell abroad. Therefore, <u>exchange rates (prices) reached are also dependent on spending patterns in the different countries, </u>more specifically on the streams of exports and imports.
where are the rights am not seeing them
Answer:
Industrial societies are a product of the industrial revolution, which began in the mid-18th century with the harnessing of natural elements such as water .
Professor Damion studies the impact of experience and expectations on people's perception. his research is based on perceptual sets.
