<span>In the product development process, the stage of concept testing is followed by product development. The product must actually be in existence before market testing can be conducted. So, in this process, product development is in between concept testing and market testing.</span>
Other things are the same, if the exchange rate changes from 20 pesos per dollar to 30 pesos per dollar, then the dollar (A) appreciates and buys more Mexican goods.
<h3>
What is the exchange rate?</h3>
- An exchange rate is a rate at which one currency is exchanged for another in finance.
- Currencies are most typically national currencies, although they can also be sub-national, as in Hong Kong, or supra-national, as in the euro.
- The value of one country's currency in respect to another currency is also referred to as the exchange rate.
- Other things remain constant, if the exchange rate increases from 20 pesos to 30 pesos, the dollar appreciates and buys more Mexican items.
Therefore, other things are the same, if the exchange rate changes from 20 pesos per dollar to 30 pesos per dollar, then the dollar (A) appreciates and buys more Mexican goods.
Know more about exchange rates here:
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The correct question is given below:
Other things are the same, if the exchange rate changes from 20 pesos per dollar to 30 pesos per dollar, then the dollar ________.
The group of answer choices
(A) appreciates and buys more Mexican goods.
(B) appreciates and buys fewer Mexican goods.
(C) depreciates and buys more Mexican goods.
(D) depreciates and buys fewer Mexican goods.
4- your mother buys flour
Answer:
$3,249.80
Explanation:
Time Cash Flow
0 600
1 600
2 600
3 600
4 600
Future Value of this cash flow at the end of year 4 = 600 * ((1+4%)^5 – 1)/4%
Future value = 600 * [(1+0.04)^5 - 1 ] / 0.04
Future value = 600 * (1.04^5 - 1) / 0.04
Future value = 600 * (1.216653 - 1) / 0.04
Future value = 600 * 0.216653/ 0.04
Future value = 600 * 5.416325
Future value = $3249.795
Future value = $3,249.80
Payday Lender isn't a bank.
Don't forget to add the answers next time
