tadams9922
20.07.2019 •
History
Read this news report about a planned devaluation of the bolivar, the currency of venezuela. the president of venezuela announced that the country would be devaluating the bolivar for the fifth time in nine years. the official rate is falling from 4.3 bolivars to the dollar, to 6.3, a 32% devaluation. by increasing the bolivar value of exports of oil to the us and other nations, the government hopes to alleviate a budget crisis caused by its increasing reliance on borrowing to meet spending obligations. in response to the announcement, the people of venezuela lined up today to buy televisions, electronics, and airline tickets in order to protect themselves from projected price increases. by devaluating the bolivar, the president of venezuela has followed the law of supply and demand. allowed the exchange rate to remain unchanged. increased the number of bolivars needed to buy one dollar. decreased the number of bolivars needed to buy one dollar.
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Ответ:
Ответ:
The third alternative is correct.
The change is the way to measure the value between the currencies of different countries. This is because the currency of another country is treated as any good, which changes in value. These changes usually happen by the free supply and demand for the currency, but in some cases the government intervenes, as it happened in Venezuela.
When the exchange is devalued, it means that more Venezuelan money (bolivares) are needed to buy a dollar. If the bolivar appreciates, less will be necessary to buy a dollar. The government of that country intervened in the economy to devalue, that is, the citizens of that country will need more money to buy a good that is imported in dollars.
Ответ:
Explanation:
supply Britain with products - tobacco, sugar , ships-mass
furnish ships, sailors, and trade to bolster the strength of the Royal Navy
provide a market for british manufactured goods
refrain to exporting woolen cloth