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What was the supply and demand of gold in Ghana?
it was 8 slaves for 2.45 pounds of solid gold
How much is 7000 pounds in 1545 worth today?
To estimate the value of 7,000 pounds from 1545 in today's currency, we need to consider historical inflation and changes in the economy. Using various historical economic analyses, it is estimated that 7,000 pounds from that time could be equivalent to several million pounds today, potentially around 2 to 3 million pounds or more, depending on the specific methodology used. This significant increase reflects the drastic changes in purchasing power and the economy over nearly 500 years.
What gives the dollar it's value?
The Dollar is considered a good like a pair of shoes or some food. The value of a good is determined directly through demand and supply. If more currency is demanded the price will go up and vice versa. WORKED EXAMPLE Imagine a pair of shoes costs $100 in the USA or 100 pounds in the UK Assume the exchange rate is 1 pound = $100. UK consumers will be able to buy the same shoe in the USA for just 1 pound. As such people begin to change their pounds into dollars to buy the shoe. However as demand and supply dictates, the higher the demand the higher the price. As more and more people change their money into dollars, the dollar will 'appreciate' in value. For example, after a few months the exchange rate becomes 1 pound to $50 . The shoes are still very cheap to UK consumers and so they will continue to change their pounds into dollars. This will happen until 1 pound = $1 (in my example) In reality there are so many goods to choose from and also speculation buy traders that can affect the value FUNDAMENTALLY THE LAW OF DEMAND AND SUPPLY WILL VALUE ANY GOOD OR SERVICE IN THE WORLD
How does a rise in US interest rates affect the pounds exchange rate?
Increasing the interest rate generally lowers inflation so the price level change of the U.S. dollar would be less. This means that the exchange rate (USD/GBP) would increase more slowly and less overall than without the interest rate increase.
How much is 5 pounds worth today?
5 pounds is worth 5 pounds.
What does aggregate mean in a truck term?
It mean the total weight of the cargo. Example if your total gross weight was 80, 000 pounds and your truck and trailer weighs 40,000 pounds empty, your aggregate weight is 40,000 pounds.
What is the percent of increase from 47 pounds to 52 pounds?
10.6383% increase.
How much does 1 yard of gravel weigh in pounds?
2750 Pounds fro 1/2 inch gravel is a good estimate. Actual size of the aggregate and water content.
What is the percentage change from 20 pounds to 35 pounds?
75% increase.
How much cft is in 1 bag aggregate?
The volume of aggregate in one bag can vary depending on the size and type of the bag. However, a standard bag of aggregate, typically weighing 50 pounds, contains about 0.5 cubic feet (cft) of material. For accurate measurements, it's important to check the specific bag's packaging, as formulations can differ.
How many pounds of minerals does a person use in a lifetime?
On average, a person uses around 1.1 million pounds of minerals in their lifetime. These minerals are used in various products we use every day, from cars to electronics to infrastructure. The demand for minerals continues to increase with population growth and technological advancements.
What was the supply and demand of gold in Ghana?
it was 8 slaves for 2.45 pounds of solid gold
How much will your insurance increase with 8 points for speeding?
your insurance willl increase by 2,000 pounds with 8 points on your license
What is the Weight of 6 inch crushed limestone per square yard?
If you are looking for the weight of limestone for 6 inches x 3 feet x 3 feet, that will be ABOUT 459 pounds. Limestone aggregate is roughly 2700 pounds per cubic yard.
How does sugar affect the pulse rate of the human body?
sugar affects pulse rate directly. As you take more sugar the more your pulse rate will increase. if you eat sugar then you will automatically gain 100 pounds, you will also shrink two feet. eat healthy kids
How do you increase 68 pounds by 60 percent?
Multiply 68 by 1.60 to get 108.8.
What is increase of 76 pounds of 40 percent?
76lb x 0.4 = 30.4lb
