A country that allows demand and supply to determine the value of its currency is said to have a Fixed rate currency A managed float system Floating currency A Bretton Woods system

Q: Who issues currency in India?

A: Central Bank of a country act as a monopoly in issuing currency of a country.

Q: Differentiate between foreign exchange and the foreign exchange rate.

A: Foreign exchange refers to the process of converting one currency into another currency for various…

Q: Give an example in the recent past when the Central Bank intervene in the foreign exchange market in…

A: Answer: Foreign exchange intervention is one of the main functions of any central bank, in this…

Q: What countries currently use the EURO?

A: To determine the countries that use euro as their currency.

Q: Roles of Ethiopian commercial banks in international business

A: Financial institutions refer to those institutions whose main role is to help firms and people with…

Q: State reasons why countries renominate their currency

A: The process of voluntarily adjusting the face value of circulating currency is known as…

Q: Disadvantages of a single currency, for example the Eurozone

A: Macroeconomics is a part of economics that deals with production, decision and allocation concerning…

Q: One reason that the quantity of money demanded will increase as the value of a currency decreases is…

A: Import Effect is defined as expensive imports when the domestic currency weakens.

Q: All of the following are factors that cause supply and demand for currencies to change EXCEPT:   A.…

A: Gross domestic product: The total value of goods and services produced within a country' boarders…

Q: Display graphically changes in the value of domestic currency, if foreign consumers develop stronger…

A: If foreign consumers develop stronger preferences for domestic goods,then demand for domestic goods…

Q: How much damage can Saudi Arabia do to the United States economy if they started selling their Oil…

A: US has been trading partner with Saudi Arabia since long. Saudi Arabia gets weapons and arms from US…

Q: should canada adopt the U.S dollar as its currency?

A: The economy of Canada: The economy of Canada is a profoundly evolved market economy. It is the tenth…

Q: What are some of the main reasons not all countries in the EU have adopted the Euro?

A: Euro area is a monetary union of 19 European Union (EU) member states out of 28 EU states, who have…

Q: Exchanging dollars for euros to pay a computer manufacturer in Belgium would occur at the European…

A: In the foreign exchange market, exchange rate conveys the price of a unit of one currency in terms…

Q: A more powerful currency can purchase more. True or false

A: A powerful or strong currency is worth more relative to other currencies. For example, $ is strong…

Q: Many governments such as India and South Korean impose currency restrictions to achieve several…

A: In the foreign exchange market, a convertible (hard) currency is traded whose price is determined by…

Q: Why does the demand for foreign currency falls when its price rises

A: According to the given question In Simple words we can that the currency which can be usually used…

Q: what advantages did adopting a single currency, the euro, give Europeans?

A: When talking about a single currency, it is the situation when two or more countries are using same…

Q: What are THREE possible impacts one country of borrowing money from another country. both negative…

A: The three possible positive impacts of one country of borrowing money from another country are, 1)…

Q: sustainabilty of digital currency in developing economies

A: Answer: Digital currency is not only successful in developed countries there are also developing…

Q: If a company believed that a nation was preparing to devalue its currency, the company should reduce…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…