Answer:
The answer is: The Mexican peso has appreciated in relation to the dollar, and now 9 Mexican pesos can be exchanged for $1
Explanation:
Currency appreciation happens when one currency gains value related to a different currency.
In this case the Mexican peso went from 10 pesos per dollar to 9 pesos per dollar, that means that the Mexican peso appreciated by 10% [= (10 - 9) / 10] in relation to the American dollar.
B. decrease
C. stay the same
D. Paid in full
Answer:
A. increase
Explanation:
Liam has not been clearing his credit card as per the monthly statement. It means that every month, he carries a balance to the next month.
Credit cards charge an interest rate known as the Annual Percentage Rate APR. Credit cards APR is among the highest interest rate in the market today. On average, the APR rate is about 21 percent.
When Liam does not clear his balance for the month, it means the amount carried forward will be subject to the APR. His debts will include the interest and regular expenses. The interest on a credit card is calculated and applied every month. Carrying forward balances then means this month's balance plus interest becomes a new balance for the next month. Interest charged in the previous month will subject to attract interest in the coming month.
a basic savings account
a money market
a savings account at a credit union
Answer:
1
Explanation:
a market is a place is the point of interaction between buyers and sellers