Rod uses his automobile for both business and personal use and claims the automatic mileage rate for all purposes.During 2012,his mileage was as follows:
How much can Rod claim for mileage?
Definitions:
Managed Floating Exchange Rate
A foreign exchange policy wherein a country's central bank intervenes to manage its currency's value without a specific or fixed exchange rate target.
G-8 Nations
A group of eight major industrialized countries that meet annually to discuss global economic governance, including the United States, United Kingdom, France, Germany, Italy, Japan, Canada, and Russia.
Adjustable-peg Mechanism
A method used in international monetary systems where a country's exchange rate is periodically adjusted within a band or in response to specific indicators.
Common Currency
A currency that is used by multiple countries, simplifying trade and financial transactions between them, with the Euro being one of the most notable examples.
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