« previous next »

Author Question: What was the main cause behind the Black Wednesday in the 1990s? What will be an ideal ... (Read 89 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?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

The black-legged tick transmits Lyme disease The black-legged tick transmits Lyme disease
Gallery of Xylosandrus crassiusculus split open, with pupae and black fungus Gallery of Xylosandrus crassiusculus split open, with pupae and black fungus
Variation in coat pattern in zebras. The patterns show progressively more black left to right and to Variation in coat pattern in zebras. The patterns show progressively more black left to right and to
Black Hole Wind Black Hole Wind
Black Hamburger Black Hamburger
Plant foods such as grains and vegetables are the main sources of nonheme iron in your diet Plant foods such as grains and vegetables are the main sources of nonheme iron in your diet
Video: Bulk flow - factors that influence bulk flow

For a complete list of videos, visit our video library