Social Studies, 16.09.2019 08:30 miko96
What is a currency system in which each country tries to keep the value of its currency constant against one another called?
a) a fixed exchange rate system
b) a flexible exchange rate system
c) a floating currency exchange
d) a constant pricing system
Answers: 2
Social Studies, 23.06.2019 08:30
This territory was the site of numerous spanish missions but was severely depopulated in the 17th century by infectious disease and warfare with other indian tribes
Answers: 1
Social Studies, 23.06.2019 15:00
Norman jones, an economic historian at the university of utah, has described the views of the ancient greek philosopher aristotle on interest: aristotle defined money as a good that was consumed by use. unlike houses and fields, which are not destroyed by use, money must be spent to be used. there- fore, as we cannot rent food, so we cannot rent money. moreover, money does not reproduce. a house or a flock can produce new value by use, so it is not unreasonable to ask for a return on their use. money, being barren, should not, therefore, be expected to produce excess value. thus, interest is unnatural. what did aristotle mean in arguing that money is “barren”? why would money being barren mean that lenders should not charge interest on loans? do you agree with aristotle’s reasoning? briefly explain.
Answers: 2
What is a currency system in which each country tries to keep the value of its currency constant aga...
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