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Faith sees an item priced at £24.50 or €32.50. she considers changing pounds to euros to buy it, at a rate of exchange of £1 = €1.30.
a) Calculate the value of £24.50 in euros at this exchange rate.
b) Convert the item's price in euros to pounds sterling at the exchange rate given.
c) State which currency she should use to buy the item.
d) State the saving made, in the currency chosen.
Describe how exchange rates are determined using supply and demand. What is the date and source of your exchange rates.
In today's market, Ford and Chevrolet produce small cars that are designed to compete with Korean made small cars. The American cars are slightly larger and slightly more expensive.
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given the following production function y k14 l34 find the following a. per worker production function. b.
What would you expect to happen to the nominal yields on 1-year T-notes during the period ov er which these changes in inflation expectations and required real yields occurred? (Give a numerical answer if possible) Explain your reasoning
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In a situation in which a gift certificate leads a consumer to purchase a greater quantity of an inferior good than he or she would consume if given a cash gift of equal value. Is this always the case
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