1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
OleMash [197]
3 years ago
14

If the price of a sofa is $800 in the u.s. and 2400 pesos in argentina, and the exchange rate is 4 pesos per dollar, what is the

real exchange rate?
Business
1 answer:
Vesnalui [34]3 years ago
4 0
The real exchange rate ( RER ) is the ratio of the price level abroad and the domestic price level.
RER = ( Nominal Exchange Rate x Foreign Price ) / ( Domestic Price )
The price of sofa is 2,400 pesos in Argentina and the nominal exchange rate is 4 pesos per dollar (  2,400 : 4 = $600 )
RER = 4 x $600 / $800 = 3
Answer: The Real Exchange Rate is 3 pesos per dollar.
You might be interested in
Riverside Manufacturing designs and manufactures bathtubs for home and commercial applications. Riverside recorded the following
Gnoma [55]

Answer:

Explanation:

Variable MOH rate variance = Actual Hours × (Actual Rate - Standard Rate)

= 4050 × ($7.50 - $4.50)

= 12150

4 0
3 years ago
Which of the following scenarios would result in a decrease in the wage rate of solar panel installers and a decrease in the qua
Digiron [165]

Answer:

Wages of solar panel installers increase in another town and attract workers away from Billy's town.

Explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

7 0
2 years ago
Unloading the dishwasher is an example of a ​
Semmy [17]

Answer:

Unloading the dishwasher is an example of a two-minute action task. The correct answer should be A

6 0
2 years ago
33. This question refers to the videos we watched about the “Crisis of Credit.” 1. Before 2008, why did investment bankers think
Zigmanuir [339]

Before 2008, the investment bankers thought that buying home mortgages was a good and safe investment because it was a stable investment, which is less impacted by inflation.

The “subprime” mortgages were more riskier than “prime” mortgages because the lender were more likely to default the mortgage.

<h3>What was the event "Crisis of Credit" about?</h3>

The Crisis of Credit, also known as the financial crisis of 2008 or Global Financial Crisis referred to a severe worldwide economic crisis that occurred in the early 21st century. It was considered the most serious financial crisis since the Great Depression (1929).

In 2008, the financial crisis began with cheap credit and lax lending standards that fueled a housing bubble. When bubble burst, all banks were left holding trillions of dollars as worthless investments in subprime mortgages and the Great Recession that followed cost many their jobs, their savings and their homes.

Read more about Crisis of Credit

brainly.com/question/25017656

#SPJ1

3 0
10 months ago
A company buys a color printer that will cost $1,500 to buy, and last 5 years. It is assumed that it will require servicing cost
vovikov84 [41]

Answer:

The answer is "- $ 575.68".

Explanation:

please find the attached file.

3 0
2 years ago
Other questions:
  • David saves money from his teaching job to buy a new boat when he retires in 20 years. The boat will cost $30,000. He has $12,00
    15·1 answer
  • At the start of the month, Oak Inc. had 58,000 units of beginning work in process that were 65% complete. Over the course of the
    9·1 answer
  • 5. Suppose a novice investor buys a call option on 45,000 barrels of oil with an exercise price of $45 per barrel and simultaneo
    8·1 answer
  • Prepaid Rent. On September 1 of the current year, the company prepaid $44,400 for two years of rent for facilities being occupie
    10·1 answer
  • You are thinking about buying a new car and will borrow $20,000 for this purchase at a 5 percent fixed rate for exactly one year
    10·1 answer
  • By purchasing stock, you then become part owner of the company.<br><br> True <br> False
    11·1 answer
  • The dodd-frank wall street reform and protection act stipulated that if more than $1 million is collected, the whistle-blower is
    11·1 answer
  • What did the federal reserve act signed by president woodrow wilson in 1913 establish
    11·2 answers
  • Bloom Corporation purchased $1,000,000 of Taylor Company 5% bonds at par with the intent and ability to hold the bonds until the
    6·1 answer
  • From a value chain perspective, _____ are the actions a firm takes to directly provide a product or service to customers, wherea
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!