contestada

if an auto repair shop charges high labor rates, yet you are willing to pay the rates because of the shop's excellent reputation and skilled mechanics, what type of power currency is being represented

Respuesta :

gauravsingh23VT

Expertise currency is the type of power currency is being represented.

What is power currency?

The purchasing power of a currency refers to how many products and services it can buy. Due to escalating prices, money loses some of its purchasing power over time. Outside of the country, it falls during depreciation and devaluation times and climbs during the opposite.

The insightful analysis of the International Monetary Fund's influence on borrower nations' actions and preferences may be found in The Currency of Power.

Thus, it is Expertise currency.

For more information about power currency, click here:

https://brainly.com/question/11660577

#SPJ1

Otras preguntas