Answer last two questions 1. What is the name of the currency in your country?2. What is the exchange rate between the dollar and your currency?$1= 0.92 euroThe currency in Spain is the euro3. What is the exchange rate between your currency and the dollar?$1 Euro (local currency) = $1.08 dollars4. What was the exchange rate between the dollar and your currency 1 year ago?$1= 0.94(last year)5. Suppose Ford exported a Ford Mustang that cost $30,000 in the US to your country. Whatwould that car be worth in the local currency?6. What would that car have been worth, using last year's exchange rate?

An exchange rate is the rate at which one currency can be exchanged for another. It is the price of…

1. What is the name of the currency in your country? 2. What is the exchange rate between the dollar and your currency? $1= 0.92 euro 3. What is the exchange rate between your currency and the dollar? $1 Euro (local currency) $1.08 dollars The currency in Spain is the euro 4. What was the exchange rate between the dollar and your currency 1 year ago? $1= 0.94 (last year) 5. Suppose Ford exported a Ford Mustang that cost $30,000 in the US to your country. What would that car be worth in the local currency? 6. What would that car have been worth, using last year's exchange rate?

1. What is the name of the currency in your country? 2. What is the exchange rate between the dollar and your currency? $1= 0.92 euro 3. What is the exchange rate between your currency and the dollar? $1 Euro (local currency) $1.08 dollars The currency in Spain is the euro 4. What was the exchange rate between the dollar and your currency 1 year ago? $1= 0.94 (last year) 5. Suppose Ford exported a Ford Mustang that cost $30,000 in the US to your country. What would that car be worth in the local currency? 6. What would that car have been worth, using last year's exchange rate?

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter14: A Macroeconomic Theory Of The Open Economy

Section: Chapter Questions

Problem 5PA

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33. The exchange rate between the dollar and the euro is defined as: a. the price of European goods relative to the prices of goods in the United States b. The price of goods in the United States relative to the prices of European goods. c. the number of euros you get by lending a dollar to a European for a period of one year. d. The number of euros you get for a dollar.
Question 10 1 pts The table below shows the exchange rates between the US dollar and currencies from four other countries. How much of their local currency (Yen) would someone from Japan need to buy an Ipad that is being sold for $400 in the US? Units of Foreign Currency you can buy with one US dollar Number of US dollars you can buy with one unit of Foreign currency Indian Rupee 71.94 A Euro 0.91 Turkish Lira Japanese Yen 0.17 D 0.0092 O 3.68 Yen 400 Yen 43478.26 Yen O 368 Yen
25 The exchange rate between the euro (€) and the US dollar ($) is $1,20 per euro. If an American tourist in Paris purchases a good valued at 60 euros, then in his own currency this would cost: a) $50 4 b) $72 c) $48 d) $720
6) [Above chart shows the exchange rate between USD and euro the during the last five years – it shows price of 1 euro in USD; how much 1 euro is worth in USD. On April 3, 2020, the rate was 1 euro = 1.08 USD. On May 28, 2021, the rate was 1 euro = 1.22 USD. Using what you learned in this course, state which currency appreciated, and which currency depreciated between these two dates (4/3/2020 and 5/28/2021)?
Jan 2, 2015 Sep 27, 2016 $1.20 $1.12 1 British Pound (GBP) $1.56 $1.30 1 $US 1 $US 1 Euro 119.69 Yen 2.66 BRL 1. In relation to the Euro, has the $US has appreciated or depreciated from Jan 2015 to Sep 2016? 2. In relation to the Euro, has the GBP has appreciated or depreciated from Jan 2015 to Sep 2016? 3. How many Brazilian Reals (BRL) would be needed on Sep 27, 2016 to purchase Yen 10 million?
4) Suppose the price level in India is 9,500, the price level in the United States is 140, and the price level in Brazil is 750. Suppose the current nominal exchange rates are 75 Indian rupee per dollar and 5 Brazilian real per dollar. Calculate the real exchange rates (rounded to two decimal places) between each pair of countries. Note that you will have to first calculate the nominal exchange rate between Brazil and South India before calculating the real exchange rate between those two countries. (4
The Central American country of Belize is one of approximately 14 Caribbean community countries that pegs its currency to the U.S. dollar. The pegged rate is 2 Belize dollars equal 1 U.S. dollar (2 BZD = 1 USD or 1 BZD = 0.50 USD). This is illustrated in the figure below. Exchange Rate (USD BZD) 2.00 1.00 0.50 D Quantity of Belize dollars traded per day How will the actions of speculators affect this market? O The Belize dollar supply curve will shift to the right and the Belize dollar demand curve will shift to the left. O The Belize dollar supply curve and the Belize dollar demand curve will shift to the right. O The Belize dollar supply curve will shift to the left and the Belize dollar demand curve shift to the right. The Belize dollar supply curve and the Belize dollar demand curve will shift to the left.
5. If the price level in domestic country is 1.0, the price level in the foreign country is 2.0, and it costs 10 units of foreign currency to buy 1 unit of domestic currency. Then the real exchange rate between the domestic country and the foreign country is ) units of foreign goods per unit of domestic goods. ( 20/2/5
On June 23, 2016, citizens of the United Kingdom voted in favor of a referendum to leave the European Union. The table below shows the exchange rate between the U.S. dollar and the British pound 4 months before and 4 months after the vote. Complete the table, giving all answers to three decimals. Date February 23, 2016 June 23, 2016 October, 23, 2016 Exchange Rates Between the U.S. Dollar and the British Pound Units of foreign currency you can Number of U.S. dollars required to buy one buy with 1 U.S. dollar unit of the foreign currency 0.713 0.671 1.22
3. The currency stabilization fund Suppose the Brazilian government recognizes that its reliance on coffee exports makes it vulnerable to the Dutch Disease. On the one hand, if coffee prices increase, the Brazilian real will appreciate, the real exchange rate will increase, and the nation's exports will become more expensive for other countries to buy. On the other hand, if coffee prices fall, the Brazilian real will depreciate, and the country's revenues will decline. The Brazilian government creates a currency stabilization fund to maintain a stable exchange rate to avoid a negative outcome. To stabilize the value of a currency within a certain range, the stabilization fund managers take one of the following actions: If the real depreciates below some threshold value (a floor) per real, the fund managers will purchase the excess supply of reais in the international exchange market to increase the value of the real to at least the floor value. If the real appreciates above some…
1. Pricing foreign goods The nominal exchange rate is the price of one currency in terms of another currency. A nominal exchange rate specifies how many units of one country's currency are needed to buy one unit of another country's currency. Suppose the following table forecasts nominal exchange rate data for February 1, 2050, in terms of Canadian dollars per unit of foreign currency. Use the information in the table to answer the questions that follow. Foreign Currency United States dollar (USD) Euro (EUR) Japanese yen (JPY) Mexican peso (MXN) United Kingdom pound (GBP) Cost of One Unit of Foreign Currency (Dollars) 1.31 1.50 0.012 0.068 1.72 Suppose that on February 1, 2050, a marble statue handmade in Mexico is priced at 20,250 MXN. The approximate Canadian dollar price of the statue would be If the nominal exchange rate for the Canadian dollar-Mexican peso falls from $0.068 to $0.055 per Mexican peso, the Canadian dollar in value, or , relative to the Mexican peso.
4. Before 12th August 2005, the US Dollar (USD) was trading at 8.20 Renminbi yuan per dollar (RMB, China’s official currency) in the financial market of China. After that date, the USD was trading at only 7.50 RMB yuan per dollar in China. (1) If you received $100 US dollars from your friend in New York in July 2005, hold it for half a year and finally exchange it for RMB in Chengdu in late January 2006, how much value in RMB would you lose? (2) What is the percentage change in the US Dollar’s value?