Janene A currency swap is an agreement between two parties to exchange a given amount of one currency for another currency at a predetermined rate for a specified period of time. Swaps can be used to hedge against currency risk or to speculate on currency movements. There are two types of currency swaps: -Fixed for floating: … Read more
What is aggregate supply? How does aggregate supply work? What is aggregate supply example? In macroeconomics, aggregate supply (AS) is the total supply of goods and services that firms in an economy plan on selling during a specific time period. It is the total amount of output that firms will produce and sell at a … Read more
Progressive tax is a tax where the tax rate increases as the taxable amount increases. The tax rate may be fixed at different levels for different ranges of taxable amounts. A progressive tax is generally based on the ability to pay, so that those who can afford to pay more taxes are taxed at a … Read more
