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How much must the Florish trader pay

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Question - Florin and Guilder are two countries separated by a narrow sea. They use currencies called, respectively, the Flop and the Gulp. Suppose the nominal exchange rate is .5 Flops per Gulp. A Guilderian trader buys a 40 Flop barrel of Florish pickles by exchanging 80 Gulps, and a Florish trader buys a 20 Gulp crate of Guilderian apples by exchanging 10 Flops. Then the Gulp depreciates to .2 Flops per Gulp.

Required - a. How much must the Guilderian pay for the same 40 Flop barrel of pickles?

b. How much must the Florish trader pay for the same 20 Gulp crate of apples?

Reference no: EM133166494

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