Answer: The Reserve Bank of India keeps all of Advika’s foreign currency for her.
Explanation:
When a country uses exchange controls, it limits the amount of foreign currency that can come into a country. This is usually done to ensure stability in the money market of the country as well as to improve the balance of payments for the country.
One way of implementing exchange control is for all foreign currency to go through the Central bank of the country. Should a citizen need access to foreign currency, they would need to apply to the central bank to access it. With India having an exchange control system, the Reserve Bank of India keeps all foreign currency and Advika would have to apply for it should she need it.
The discrimination which involves bank consistently denying loans to people of particular color is an example of Institutional discrimination.
The discrimination described is held-on to by staff because of the laid-down company law, guidelines, tradition etc
- An Institutional discrimination refers to those internal policies that result in the denial of resources and opportunities to some class of individual or groups.
- The denial of loan provision because of color is possible because the employees held on the company's law, guideline on loan procedure
Therefore, the discrimination which involves bank consistently denying loans to people of particular color is an example of Institutional discrimination.
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Let the original number of stamps be
x for Naomi,
y for Macy,
z for Sebastian.
Because the total number of stamps is 234, therefore
x + y + z = 234 (1)
Mary gives 16 stamps to Macy and 24 staps to Sebastian.
The number of stamps owned becomes
x - 40 for Mary,
y + 16 for Macy,
z + 24 for Sebastian.
Mary has 3 times as many stamps as Macy, therefore
x - 40 = 3(y + 16)
x - 3y = 88 (2)
Macy has twice as many staps as Sebastian, therefore
y + 16 = 2(z + 24)
y - 2z = 32 (3)
We have the system of equations
x + y + z = 234 (4)
x - 3y = 88 (5)
y - 2z = 32 (6)
Subtract (5) from (4).
4y + z = 146 (7)
Substitute (6) into (7).
4(2z + 32) + z = 146
9z = 146 - 128 = 18
z = 2
y = 2z + 32 = 4 + 32 = 36
x = 234 - y - z = 234 - 38 = 196
Answer:
Naomi originally had 196 stamps.
Answer:
The nominal wage in 2003 = $15.22
The nominal wage in 2004 = $15.565
Explanation:
Inflation = [ ( CPI of 2003 - CPI of base year ) ÷ CPI of Base year ] × 100
= [ ( 184 - 100 ) ÷ 100 ] × 100
= 84%
Therefore,
The wage will increase by this inflation to be nominal
= 8.28 × (1.84)
= $15.23
Similarly
Inflation = [ ( CPI of 2004 - CPI of base year ) ÷ CPI of Base year ] × 100
= [ ( 188.9 - 100 ) ÷ 100 ] × 100
= 88.9%
Therefore,
The wage will increase by this inflation to be nominal
= 8.24 × (1.889)
= $15.565
Hence,
The nominal wage in 2003 = $15.22
The nominal wage in 2004 = $15.565