Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Ask your questions and receive detailed answers from professionals with extensive experience in various fields. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.
Sagot :
It is TRUE that, The logic of the exchange-rate effect begins with a change in the price level changing the interest rate.
- A currency's exchange rate is the price at which it will be exchanged for another currency.
- The majority of exchange rates are considered to be "floating," meaning that they can change according to market supply and demand.
- There are some exchange rates that are fixed or pegged to the value of a particular nation's currency.
- Exchange rate fluctuations have an impact on businesses by altering the cost of imported supplies and the demand for their goods from foreign consumers.
- An acronym for the national currency a rate of exchange represents is frequently used when quoting it.
- Rate changes can happen hourly, daily, in large incremental shifts, or both.
Learn more about Exchange rate, here
https://brainly.com/question/29562028
#SPJ4
Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.
