The nominal exchange rate
a) is the difference between the interest rate in one country and the interest rate in another country.
b) the rate at which a bond may be exchanged for currency.
c) the rate at which a stock may be exchanged for currency.
d) the price of one country's currency in terms of another's.
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the answer is b the menu
the definition of free enterprise would be competition is allowed to flourish with a minimum of government interference.
so the weak points or cons of this economy would be
the risk when creating a new product, profit is also a risk. business owners don't know if their product will be a success or a fail. (efficiency at a cost)
- inflation. this is the biggest danger of economic growth. when the demand outgrows supply, it sets the scene for companies raising prices. this sort of disparity can have a very bad chain reaction (economic growth rates)
hope this .
a) is the difference between the interest rate in one country and t...