Answer:
Answer for the question:
(Exchange rate arbitrage) You own $10 comma 000. The dollar spot rate in Tokyo is 215.8906 yen/$. The yen rate in New York is given in the following table: LOADING.... Are arbitrage profits possible? Set up an arbitrage scheme with your capital. What is the gain (loss) in dollars? Hint: Compare the Tokyo's direct quote with the New York's indirect quote. "Assuming no transaction costs, the rate between Tokyo and New York are out of line. Therefore, arbitrage profits are possible." Is the above statement true or false? True . (Select from the drop-down menu.) The yen is cheaper in Tokyo . (Select from the drop-down menu.) The amount of yen you could buy in Tokyo for $10 comma 000 is 2135839 yen. (Round to the nearest whole number.)
is given in the attachment.
Explanation:
This is the five ways that tourism contributes towards the south African economy. First is the important source of revenue and employment is referred to the Domestic tourism. It supports one in every 12 jobs in the country. And also in the labor-intensive sector, with the supply chain that connects the other sectors which tourism sector is the most important, it is part of the six jobs drivers path framework of the government. It boost the business industry of South Africa, it helps to feature its culture and its heritage sites.
Answer:
$128,477
Explanation:
Given that
Payment to finance for purchasing the machine = $30,500
Rate of interest = 6%
Future value of one for five periods at 6% is 1.33823
The future value of an ordinary annuity for five periods at 6% is 5.63709.
The present value of an ordinary annuity for five periods at 6% is 4.21236.
So by considering the above information, the cost of the machine is
= Payment to finance for purchasing the machine × present value of an ordinary annuity for five periods at 6%
= $30,500 × 4.21236
= $128,477
Answer:
creates a shortage
Explanation:
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
Because price is set below equilibrium price, demand would outstrip supply and this would lead to a shortage
Effects of a price ceiling
1. It leads to shortages
2. it leads to the development of black markets
3. it prevents producers from raising price beyond a certain price
4. It lowers the price consumers pay for a product. This increases consumer surplus
Answer:
math promlem and science problem
