Which of the following best explains the difference between a fixed currency and a floating currency?
O A. The price of a floating currency is determined by the currency
exchange market while the price of a fixed currency is connected
to the price of some other commodity.
B. The exchange rate for a floating currency is determined by the
price of gold while the exchange rate for a fixed currency never
changes.
C. The value of a floating currency fluctuates wildly while the value
of a fixed currency changes only slightly.
D. The amount of goods that a floating currency will buy changes
while the amount of goods a fixed currency will buy is established
by the government
I

Over the past several years, joyce chen has been able to save regularly. as a result, today she has $54,188 in savings and investments. she wants to establish her own business in 5 years and feels she will need $100,000 to do so. a. if she can earn 6% on her money, how much will her $54,188 in savings/investments be worth in 5 years? will joyce have the $100,000 she needs? if not, how much more money will she need? b. given your answer to part a, how much will joyce have to save each year over the next 5 years to accumulate the additional money? assume she can earn interest at a rate of 6%. c. if joyce can afford to save only $4,000 a year then, given your answer to part a, will she have the $100,000 she needs to start her own business in 5 years?