For this table, the reference currency is the Euro.
- The reference currency means that the euro is the base unit, the table shows how much is one euro worth in the different currencies. This can be observed on the first row of the second column where it says (euro= 1)
The exchange rate of the euro to the US dollar and most other currencies is determined by supply and demand.
- Most countries have a flexible exchange rate. This means that the government does not have a fixed exchange rate. With a fixed exchange rate the government compromises to give a given amount of money in exchange for one unit of a specific currency. Whenever, there is a flexible exchange rate, the price of another currency is determined by the incoming and outgoing capital.
According to the chart, one euro would buy 1.2149 Swiss francs.
- This can be found in the fourth row and second column of the chart.
- 1 euro = 1.2149 Swiss francs
It would cost 1.28 US dollars to buy one euro.
- 1 euro = 1.28 US dollars
- This can be found in the last row and second column of the chart.
Quakers settled in Pennsylvania...founder of William Penn William Penn was the absolute proprietor of Pennsylvania (he held the royal charter) and had pronounced religious tolerance for all. Other colonies were often religiously linked and intolerant of religious views outside narrow limits.
He welcomed Catholics and Quakers among others. Because the Colony was established as a refuge for European Quakers. Pennsylvania was a favorable place to settle: climate, land, port and government. Philadelphia was at the time the best developed city in the continent.
Because the Colony was established as a refuge for European Quakers.
You see, William Penn was a friend of king Charles the second and the king did not want to kill William Penn for being a quaker. So he basicly gave him a grant to find land so he would escape persicution. Then have a place for religious freedom.
