« previous next »

Author Question: What was the main cause behind the Black Wednesday in the 1990s? What will be an ideal ... (Read 95 times)

rl

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
What was the main cause behind the Black Wednesday in the 1990s?
 
  What will be an ideal response?

Question 2

The opportunity cost of something is
 
  A) what you sacrifice to get the good. B) the price you pay for the good.
  C) what you are willing to pay for the good. D) a measure of the scarcity of the good.


SeanoH09

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

The Black Wednesday refers to an event during which the pound crashed in value all of a sudden. It occurred because the pound was overvalued against the German mark and this prolonged overvaluation of the pound caused the government to sharply devalue the currency when the government ran out of German mark reserves.

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Emperor penguins with their black and white plumage stand out against the snow and colonies Emperor penguins with their black and white plumage stand out against the snow and colonies
A Black cat under the snow. A Black cat under the snow.
Spider's main organs Spider's main organs
An illustration of the helium atom, depicting the nucleus (pink) and the electron cloud distribution An illustration of the helium atom, depicting the nucleus (pink) and the electron cloud distribution
An angiogram that illustrates narrowing of the carotid artery (see arrow), the main pathway of blood ... An angiogram that illustrates narrowing of the carotid artery (see arrow), the main pathway of blood ...
Video: Epinephrine/NE (heart rate, altered blood flow, glycogenolysis & bronchodilation)

For a complete list of videos, visit our video library