7-7=0
In an open economy, the supply curve in the foreign-currency exchange market becomes vertical because the central bank can adjust the supply of its currency to meet the demand, ensuring stability in the exchange rate.
Depreciating currency in a country will determine how strong the current economy of a country is. If the currency drops then their economy is stronger and more investements are in while if the currency exchange is high, there is depreciating economy against other countries.
When money is used in a trade instead of the direct exchange of goods, it acts as a D medium of exchange. This function allows for the buying and selling of goods and services without the need for bartering, facilitating smoother transactions in the economy.
Exchange
No, barter is not the main means of exchange in a command economy. In such economies, the government typically controls production and distribution, determining what goods and services are available and their prices. Currency is usually used for transactions, but the government may heavily regulate or control the flow of money. Barter may occur informally, but it is not the primary method of exchange.
In the same way that money facilitates exchange in a single economy, exchange of currencies facilitates the exchange of goods and services across the boundaries of countries.
It's basically the demand for the currency, which is determined by the economy of a country.
barter economy
In an open economy, the supply curve in the foreign-currency exchange market becomes vertical because the central bank can adjust the supply of its currency to meet the demand, ensuring stability in the exchange rate.
Depreciating currency in a country will determine how strong the current economy of a country is. If the currency drops then their economy is stronger and more investements are in while if the currency exchange is high, there is depreciating economy against other countries.
When money is used in a trade instead of the direct exchange of goods, it acts as a D medium of exchange. This function allows for the buying and selling of goods and services without the need for bartering, facilitating smoother transactions in the economy.
bhag madarchod
Exchange
Exchange
Currency did not exist in Mesopotamia. Instead, the economy relied on a barter system where goods and services were exchanged directly without the use of money.
No, barter is not the main means of exchange in a command economy. In such economies, the government typically controls production and distribution, determining what goods and services are available and their prices. Currency is usually used for transactions, but the government may heavily regulate or control the flow of money. Barter may occur informally, but it is not the primary method of exchange.
The currency exchange rate changes literally every day. This is due to the fact that the currency much like the economy will fluctuate each day both negative and positive depending on the features of the day.