Question

What is the most likely conclusion that can be drawn about how this table would look in december 2013?it would look the same because exchange rate tables do not change. It would look different because exchange rate tables change constantly. It would look different because exchange rate tables change once a month. It would look different because more countries will have started to use euros.

Answer 1

The conclusion which can be drawn with respect to the nature of an exchange-rate table in December 2013 is that: B. It would look different because exchange rate tables change constantly.

An exchange rate can be defined as a number that is used to denote or represent the financial value of a currency in comparison with another currency.

On a related note, the foreign exchange market is a market that is used for converting the currency of a particular country into the currency of another country. For example, the dollars (United States of America) can be converted into naira (Nigeria) in the foreign exchange market.

In the foreign exchange market, the exchange rate for various countries are typically shown or displayed by using the exchange-rate table, which changes constantly depending on the following factors:

• Inflation

• Gross Domestic Product (GDP)

• Trade balance

• Money supply

In conclusion, the conclusion which can be drawn with respect to the nature of an exchange-rate table in December 2013 is that, it would look different because exchange rate tables change constantly.

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