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
Sunny_sXe [5.5K]
3 years ago
9

One unit of a peso in a Latin American country was defined as equivalent to 12 grains of "fine" (pure) gold, while one unit of i

ts neighboring countries currency, a dollar, was defined as equivalent to 18 grains of "fine" (pure) gold. Using the gold par value concept (with 480 grains in an ounce), the exchange rate for converting the peso to the dollar is:
Business
1 answer:
Grace [21]3 years ago
6 0

Answer:

1 dollar = 1.5 peso

Explanation:

An exchange rate denotes the value of one currency in terms of another currency. Exchange rates can be of two kinds, spot rate and forward rate.

Spot rate is the rate quoted by bank for buying or selling foreign currency as on today.

Forward exchange rate on the other hand represents rate quoted by bank today for buying and selling foreign currency on a future date.

<u>Given </u>: 1 unit of peso = 12 grains of gold

            1 unit of US Dollar = 18 gains of gold

<u>To find</u> : 1 peso = ___ dollars

           1 grain of gold = \frac{1}{12} peso

similarly, 1 grain of gold = \frac{1}{18} dollars

this means, \frac{1}{12}\ peso\ = \ \frac{1}{18}\ dollars

it means 1 peso = \frac{12}{18} \ dollars

or 1 peso = \frac{2}{3} \ dollars

or 1 dollar = 1.5 pesos

You might be interested in
A new retail associate in another department asks you about the features of the merchandise in his department. you just explaine
emmasim [6.3K]
The best way in handling this is by explaining it to the person again in a clear and understandable manner in which you wouldn't leave without him or her repeating or assuring that he or she does understands the topic that he or she finds difficult to understand. It is needed that a person who is being asked by the new retail associate should be understandable for the person is new at his or her department and needs some people to guide him or her through.
8 0
3 years ago
Mariota Corp. just paid a dividend of $4.30 per share on its stock. The dividend growth rate is expected to be 3.2 forever and i
noname [10]

Answer:

sgshshjdirtpptus eyryrutuyryetwtwyr ryrurururutytytututututu ueeyeyryyrryyeyeye

4 0
2 years ago
If the number of people classified as unemployed is 50,000 and the number of people classified as employed is 250,000, what is t
Liula [17]
Based on the given values above, it is said that there are 50,000 people who are unemployed and 250,000 are employed. This means that the total number of people basing on these numbers is 300,000. So we just have to divide 50,000 by 300,000 and we get 0.17. Therefore, the unemployment rate is 17%. Hope this helps.
5 0
3 years ago
Read 2 more answers
How much is a $2 dollar bill worth
seraphim [82]
A $2 bill is worth 200 pennies, 20 dimes, 4 half dollars, and  25 nickels.


Hope this helps :)
5 0
2 years ago
Read 2 more answers
Gugenheim, Inc., has a bond outstanding with a coupon rate of 7.7 percent and annual payments. The yield to maturity is 8.9 perc
Anna [14]

Answer:

Bond price= $1,793.62

Explanation:

Giving the following information:

Face value= $2,000

Number of periods= 17

Cupon rate= 0.077

YTM= 0.089

T<u>o calculate the price of the bond, we need to use the following formula:</u>

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price​= 154*{[1 - (1.089^-17)] / 0.089} + [2,000/1.089^17)

Bond Price​= 1,324.21 + 469.41

Bond price= $1,793.62

3 0
3 years ago
Other questions:
  • Lisa Lasher buys 400 shares of stock on margin at $21 per share. If the margin requirement is 50 percent, how much must the stoc
    9·1 answer
  • Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing
    8·1 answer
  • How do you know when a spreadsheet object is active in a PowerPoint presentation?
    7·1 answer
  • A 35-year-old mother of three children wants to buy a life insurance policy for herself. What will help her determine the dollar
    8·1 answer
  • The following cost data pertain to the operations of Swestka Department Stores, Inc., for the month of July.Corporate headquarte
    10·1 answer
  • Choose all that apply. Select each of the tools and services available with a savings account. i'm thinking 1,2,3,4,5
    12·1 answer
  • Michael, Sarah, and Mindy are partners in a limited partnership that buys commercial real estate. Michael and Sarah are limited
    12·1 answer
  • The following information is for Hulk Gyms' first year of operations. Amounts are in millions of dollars. The enacted tax rate i
    5·1 answer
  • A Ground Fault Circuit Interrupter (GFCI) is designed to do which of the following?
    8·1 answer
  • In a television ad for Teeny Toddler baby powder, a celebrity informs the audiences that the product helps keep a baby's skin dr
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!