Samuel Adams and Joseph Warren
Answer:
Option D
Explanation:
Upward mobility is the movement of an individual from a sociological classification to another better sociological classification. It is evident that dawn sociological life from her early beginning was quite not fancy enough as her parents were the busy type and not the rich type of parent in sociological classification in hierarchy, but evidently now, Dawn recently bought her first home and works as a lawyer, she came from a background that her parent worked soo hard to become who she is now so her sociological life changed from a quite busy sociological life to a life of affordability, what her parents couldnt afford for her, she can possibly afford for her kids now that her sociological life has changes since she became a lawyer.
The determination of the exchange rate is made through the currency market. The exchange rate as the price of a currency is established, as in any other market, by the meeting of supply and demand of currencies. If you analyze, for example, a hypothetical situation, in which there are only two currencies the euro and the dollar. The demand for dollars (supply of euros) arises when consumers in different European countries need dollars to buy goods from the United States. In the same way dollars are needed if a European company wants to buy a building in New York, when a German citizen travels as a tourist to San Francisco or if a Swedish company buys shares in a US entity, but there may still be an additional reason to demand dollars that is pure speculation, that is, the thought that the dollar will rise in value against the euro will cause the demand for dollars to rise.
If the opposite is analyzed, the supply of dollars (demand for euros), this is done by all those companies and citizens who need euros for their needs (basically the same ones that we have analyzed before, purchase of goods and services, investments and speculation. )
The balance in a competitive market between supply and demand will mark the price of the dollar against the euro or what is the same the price of the euro against the dollar. In currency markets depreciation is known as the decline in the price of one currency over another.
