Answer:
B. In the long run, a change in the nominal exchange rate brings an equivalent change in the real exchange rate.
Explanation:
As we know that in the short run there is a decline in the nominal exchange that results in a decrease of real exchange rate due to which there is a reduction of the import and the export is risen.
But in the case of the long run, if there is a change in the nominal exchange rate so the real exchange rate would remain the same
This results that if there is a change in the nominal exchange rate so it would not bring the equal change in the real exchange rate
Hence, option B is incorrect
Answer:
Final Value= $502,257.52
Explanation:
Giving the following information:
You decided to contribute $500 a month into a fund that is expected to earn 6 percent, compounded monthly. You start the contribution a month from today for 30 years.
To calculate the final value, we need to use an alternative version of the final value formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit= 500
n= 30*12= 360
i= 0.06/12= 0.005
FV= {500*[(1.005^360)-1]}/0.005= $502,257.52
I would have to say D. all of the above
Hi there
The answer is
an adjustment will probably be required as supplies are used.
Good luck!
