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solong [7]
3 years ago
8

The flags used in jean desert's the burqa project (fig. 22.7) represent the western countries of:

Business
1 answer:
AlekseyPX3 years ago
4 0

The flags used in Jean-Ulrick Désert's the burqa project represent the following western countries:

- Germany

- France

- United States of America

- United Kingdom

 

In Jean Ulrick-Désert's the burqa project, the national flags from the aforementioned four leading industrial nations are used as the basis for replicating the Afghanistan hijab known as The Burqa. The project was created in light of the New York City attacks of the World Trade Center on September 11, 2001.

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Answer:

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D = DEMAND

P = PRICE

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.) A currency dealer has good credit and can borrow either $1,000,000 or €800,000 for one year. The one-year interest rate in th
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Answer:

The question does not fit the options, since the options all refer to a 2% interest rate in US dollars and a 6% interest rate in euros. While the question states that the interest rate in US dollars is 5% and the interest rate in euros is 4%.

The answer to the question is:

If you borrow $1,000,000 today, you will be able to purchase 800,000€. Or if you borrow 800,000€ today, you will be able to purchase $1,000,000.

Since the forward rate is higher, you should borrow dollars, invest in euros and after a year, purchase back dollars and pay back your debt.

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= 800,000€ x 1.04 = 832,000€ x 1.4 = $1,164,800, then you pay back your loan = $1,164,800 - ($1,000,000 x 1.05) = $1,164,800 - $1,050,000 = $114,800 gain

Options C will also yield gains:

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