Pdf suppose that the pound is pegged to gold at £20 per ounce and the dollar is pegged to gold at $35 per ounce. this implies an exchange rate of $1.75 per pound. if the current market exchange rate is $1.80 per pound, how would you take advantage of this situation? hint: assume that you have $350 available for investment.

1) Buy 10 ounces of gold with the 350 dollars

2) Sell the 10 ounces of gold for £200

3) Exchange £200 for 360 dollars

Explanation:

Due to the difference between the exchange rate in gold and currency, a 2.1%  (1.80 / 1.75) advantage can be obtained.  

You start in the gold market with 350 dollars which are equal to 10 ounces of gold which are equal to £200. This according to the gold prices, witch generate a 1.75 exchange rate.

Then you go to the financial market where the exchange rate is larger (1.80) and with the £200 you get 360 dollars.  

step 1: create a plan

step 2: inventory facility equipment/assets

step 3: create preventive maintenance procedures

step 4: create preventive maintenance schedules

step 5: train your maintenanceteam

step 6: analyze – adjust - improve

or

step 1 – pm procedure design: doing the effective things

step 2 – pm procedure scheduling: efficient use of people and resources

step 3 – pm lubrication engineering

step 4 – pm training: back on the chain gang

step 5 – pm program management plan

step 6 – communicate, communicate, communicate