A monetary system where the value of monetary units is set by the specified quantity of an item is commodity money.
Explanation:
A commodity currency could be a name given to certain currencies that co-move with the globe costs of primary trade goods product, because of these countries' significant reliance on the export of certain raw materials for financial gain. It comprises goods that have worth in themselves (intrinsic worth) additionally as a value in their use as cash. For instance, mediums of exchange for commodity money includes gold, silver, copper etc.
Hey there,
An increase in net exports will shift the ad curve to the left. T<span>his term means that </span>net exports<span>, defined as </span>exports<span> less imports, is a function of the real exchange rate.
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Answer:
O Postal Service Mail Carrier
O Foreign Service Specialist
O US Army Member
Explanation:
The Government and Public Administration cluster comprises careers in law enforcement and security agencies. The military falls under this cluster. Some public service offices, especially in the administration classified in this cluster. They include municipal clerks, postal service clerks, tax assessors, mail carriers, and aircrew members.
People directly hired by the government will be in this cluster.
Answer:
D. Protection of domestic industries
Explanation:
Free trade is practiced when there are no restrictions on import and export of goods and services. The major objective of free trade is to facilitate growth of trade in a country.
All the available options are benefits of free trade except protection of domestic industries. There will be a tough competition for domestic industries where free trade is practiced because of the free flow of goods and services from foreign countries which can lead to excess supply in the market and thereby erodes the profitability of the domestic industries.Imported goods can also be cheaper compared to locally manufactured goods and this will make local goods unattractive to consumers, leaving domestic industries exposed to low demand.
So one of the benefits of free trade is not protection of domestic industries.
Answer:
9.33%
Explanation:
The computation of the interest rate on a three-year bond is shown below:
Data given in the question
Yield on a one-year bond is 4%
For two years, it is 6%
And, for third year, it is 9%
And, the liquidity premium is 3%
So, the interest rate on a three year bond is
= (4% + 6% + 9%) ÷ 3 years + 3%
= 6.33% + 3%
= 9.33%