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Why did the fixed exchange rate system collapse?
The fixed exchange rate system collapsed primarily due to the pressures of inflation and economic imbalances among countries, which made it increasingly difficult to maintain fixed rates. As countries faced differing economic conditions, they struggled to keep their currencies pegged, leading to speculative attacks and a loss of confidence. Additionally, the U.S. dollar's convertibility into gold became unsustainable, culminating in the abandonment of the gold standard in the early 1970s, which ultimately led to the shift towards floating exchange rates.
How do changes in interest rates inflation productivity and income affect exchange rates?
Some countries simply allow the exchange rate to be determined by demand and supply. Some countries attempt to keep the exchange rate between their currency and another currency constant. When countries agree to keep the value of their currencies constant, there is a fixed exchange and is called exchange rate system. Exchange rate or value of a currency is defined by its supply and demand factors. If a country has high interest rate, that will attract more investors to buy that currency to invest (increase in demand for the currency). If inflation is high, the value of the currency decreases over time and therefore not attractive to hold (decrease in demand). If the country has high productivity and does a lot of exports, foreigners will need to buy currency in order buy the goods (increase in demand).
Which of the European Union's countries is keeping its own currency and why?
Denmark and the United Kingdom have opt-outs on changing to the Euro. This says that they have the right to keep their own currency if they want. The countries want this because they do not think the Euro is necessary for their country, they don't trust the currency, it'll be too much to handle to switch, etc. (many reasons). All other European Union members are expected to eventually switch to the Euro, as this is a rule by the EU.
What is euro zone?
Euro is the official currency of the European Union. However, some countries inside the EU, decided to keep their traditionnal money (UK sill use the Pound). The Euro zone is the group of countries that had adopted the Euro (€) as their currency. On the 27 countries in the EU, 15 countries belong to the zone Euro. The other countries have either refused (UK, Sweden, Denmark....) adopting the Euro or are waiting for their Economies to be fit with the legal economics demandings defined by the EU.
How does weak US dollar influence the price of crude oil?
Dollar is international currency and when the dollar is weak countries would be able to purchase more quantity of oil with lesser currency...however this is only when OPEC keep the prices stable Crude oil is mainly traded in US dollars, and when the US dollar weakens the crude oil market participants (speculators, producers, refineries, etc.) push the price of crude higher on the expectations that oil producers are entitled to at least the same prices as before in their own currencies, after exchanging US dollars into their currency. In economics such relationships are explained by Purchasing Power Parity theory.
What institution did southern countries depend on to keep their economy strong?
they depended on slave labor i think
Features of floating exchange rate?
In a floating exchange rate system, the rates keep on changing according to the economic conditions. The rates of the currencies are never fixed.
How many countries have they been too?
To accurately answer how many countries someone has been to, I would need specific information about the individual in question. People often keep track of their travels, and the number of countries visited can vary widely from person to person. If you provide more context or specify who you're asking about, I can give a more tailored response!
Is the US good?
That is an opinion but many think the USA is a better life, because you are free here to do more than you can in a lot of countries. And we tend to keep our wars out of the country!
Can you keep tortoiseleally?
Do you mean legally? if so Yes, but I think there's some types you can't buy in certain Countries because of spreading disease or something of that sort
Do any European countries use window screens to keep out bugs?
Most European countries do not use window screens to keep out bugs. The screen is an American invention and not as popular in other countries.
Are there any countries that keep slaves?
Officially - no.
What was Jeffersons foreign policy plan?
To keep the US from getting involved with other countries. He failed.
Why countries made positive contact with others?
to keep good relationship with the neighbouring countries...
Why are countries shaped the way they are?
It is the way they claimed the land and fought other countries to keep it.
Would California schools allow an airsoft club?
I think this all depends on the Individual school district. In down town L.A. or San Francisco I would think not, but in the more rural communities it may be possible. I think you would have to go before the individual school board. But keep this in mind. Schools are cutting back on outside activities due to budgets and this would definitely be an uphill battle.
How do you respond to you keep telling yourself that sweetie?
When the individual tells you 'you keep telling yourself that sweetie' is telling you that you are either lying, in denial or aren't in they realm of reality. You have the choice of believing what you think or stated on your behalf or take some opinions or good advice from the person.
