Explain how balance of payments can impact the value of a nation's currency
When a country has a favorable balance of payments, the value of its currency is usually constant or rising. Increased demand for both the nation's products and its currency are the basis of this situation. In contrast, when a nation has an unfavorable balance of payments, its currency usually declines in value due to lower demand for the monetary unit.
Business
You might also like to view...
According to your text, which of the following is an "enemy" that can limit your ability to manage con?ict effectively?
A) failing to listen attentively to the other party B) assuming someone must win and someone must lose C) explaining your side of the con?ict ?rst D) all of the above
Business
Punctuation rules are subject to ___________ and local usage
a. review b. recall c. tradition d. randomness
Business