According to the Rule of 70,if a Person's Saving Doubles

question 63

Multiple Choice

According to the rule of 70,if a person's saving doubles in 10 years,what interest rate were they earning?

• A)3.5
• B)7
• C)14
• D)None of the above is correct.

Explain the balance of payments and its components.

Describe the impact of changes in exchange rates on imports and exports.

Identify the factors influencing demand and supply in the foreign exchange market.

Analyze the effects of exchange rate fluctuations on a nation's economy.

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Definitions:

Mental Programs

Mental programs are the cognitive structures and processes that guide thoughts, actions, and problem-solving in the human brain.

Problem Solving

Identifying answers for challenging or intricate problems.

Software

Programs and other operating information used by a computer.

Cognitive Developmental Stages

The phases characterizing the development of cognitive abilities in children, as proposed by theorists like Piaget, including stages such as sensorimotor and formal operational.