Business, 30.11.2020 18:40 gabbyypadron
Upon arrival at the international airport in the country of Canteberry, Charles Alt exchanged $200 of U. S. currency 1,000 florins, the local currency unit. Upon departure from Canteberry's international airport on completion of his business, he exchanged his remaining 100 florins into $15 of U. S. currency.
Required:
a. Determine the currency exchange rates for each of the cells in the following matrix for Charles Alt's business trip to Canteberry.
b. Discuss and illustrate whether the U. S. dollar strengthened or weakened relative to the florin during Charles's stay in Canteberry.
c. Did Charles experience a foreign currency transaction gain or a loss on the 100 florins he held during his visit to Canteberry and converted to U. S. dollars at the departure date? Explain your answer.
Arrival Date Departure Rate
Direct exchange rate
Indirect exchange rate
Answers: 3
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In the market for widgets, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical downward-sloping straight line. the equilibrium quantity in the market for widgets is 250 per month when there is no tax. then a tax of $6 per widget is imposed. as a result, the government is able to raise $750 per month in tax revenue. we can conclude that the after-tax quantity of widgets has fallen by a. 25 per month. b. 50 per month. c. 75 per month. d. 100 per month.
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Upon arrival at the international airport in the country of Canteberry, Charles Alt exchanged $200 o...
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