Nama : Ragil Agustio

NIM : 042578859
Prodi : S1 Manajemen
Mata Kuliah : Bahasa Inggris Niaga
Tugas 1 (sesi 3)

Nowadays, there are many sellers in instagram use

auction to sell their product. Do you think that auction
is the effective method to sell the product? Explain
your reason!
In my opinion, the sales system using the auction method on Instagram is quite
effective. Especially if what is being auctioned is goods or products that do have a
well-known brand. People will flock to the auction to get the item. But if the auction
is for a product that has a less well-known brand, the demand for it may also be less.

The primary goal of central banks is to provide their

countries' currencies with price stability by controlling
inflation. What will happen if a country does not have
Central bank?

Perhaps the stability of the currency value, the stability of the banking sector, and
the financial system as a whole will decline and become unstable.
Because the central bank is an institution that is responsible for maintaining price
stability or the value of a currency prevailing in that country, which in this case is
known as inflation or rising prices, which in other words means a decrease in the
value of money.

Do you agree that a floating exchange rate adds

uncertainty to international trade? Explain your
reason!

Businesses need to consider exchange rates when buying and selling goods. Since
the exchange rate affects the prices of goods and services, it also has an impact on
the revenues and costs (and profits) of companies. The impact is even more
significant when a country's economy is dependent on international trade.