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quester [9]
3 years ago
8

The exchange rate for the yuan is quoted at 6.58 to the us$ if this changes to 6.25 yuan, what would be the change in price

Business
1 answer:
Oliga [24]3 years ago
4 0
In order to obtain the change in price, the local price of the yuan must be known. Next is to take the difference of the reciprocal of the two prices, then multiply it to the local price. The solution is: change in price = 275 (1/ 6.58 - 1/6.25) therefore, the change in price is equal to $2.21
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3 years ago
If the inflation rate unexpectedly rises:_______.a. borrowers gain at the expense of lenders.b. lenders will gain at the expense
Alborosie

Answer:

a. borrowers gain at the expense of lenders

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Inflation refers to the sustained increase of the price of a commodity over a period of time.

It can be caused due to increase in production cost or increased demand of a good or service.

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marta [7]

Answer:

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= ($40,000 - $7,500) × 25%

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