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Explain what is meant by a semi-fixed exchange rate? With reference to the BBC news story in the link below, explain why the Nigerian central bank increased interest rates and devalued their currency (the naira)?

http://www.bbc.co.uk/news/business-30196496

 

An exchange rate is the price of one currency in terms of another. When this rate is semi-fixed the exchange rate is allowed to ...

OC
Answered by Owen C. • Economics tutor
15352 Views

How do you find the cube root of z = 1 + i?

Firstly we express z in polar form:
 
z = Reiθ
 
where |z| = (Re2 + Im2)0.5 = (12 + 12)0.5 = 2

AE
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