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elena55 [62]
1 year ago
9

Tee Time Golf Resort plans to use famous Kauri wood from New Zealand for parts of the interior of the magnificent clubhouse at i

ts new golf resort near Salem, OR. According to the importer, each 10-foot slab will cost Tee Time approximately $5,000. Looking at the exchange rates, Tee Time's finance director noted that $500 US dollars
Business
1 answer:
Crazy boy [7]1 year ago
7 0

Tee Time Golf Resort plans to use famous Kauri wood from New Zealand for parts of the interior of the magnificent clubhouse at its new golf resort near Salem, OR. According to the importer, each 10-foot slab will cost Tee Time approximately $5,000. Looking at the exchange rates, Tee Time's finance director noted that $500 US dollars are equal to $738 NZ dollars.

<h3>What do you mean by exchange rates?</h3>
  • The rate at which one currency will be exchanged for another is known as the exchange rate in the world of finance.
  • Most often, currencies are national ones, but they can also be supra-national ones like the euro or sub-national ones like Hong Kong.
  • The value of one country's currency in respect to another currency is also thought of as the exchange rate.
<h3>What is Tee?</h3>
  • In sports, a tee is a platform that is used to raise and hold a stationary ball before being struck with a foot, club, or bat.
  • Tees are often used in sports including rugby, baseball, American football, tee-ball, golf, and baseball.
  • The word "tee" is related to the "house" (the colored circles) in curling and comes from the Scottish Gaelic word "taigh," which means "house."

Learn more about exchange rates here:

brainly.com/question/22996931

#SPJ4

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