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Sholpan [36]
3 years ago
8

Under the gold standard the fixed price of gold was $20.67 per ounce in the United States. The fixed price of gold was £4.2474 p

er ounce in Britain.
a. What is the "fixed" exchange rate (dollars per pound) implied by these fixed gold prices?
b. How would you arbitrage if the exchange rate quoted in the foreign exchange market were $4.00 per pound? (Under the gold standard, you could buy or sell gold with each central bank at the fixed price of gold in each country.)
c. What pressure is placed on the exchange rate by this arbitrage?
Business
1 answer:
madam [21]3 years ago
6 0
The answer of the question is b
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An increase in supply, all other things unchanged, will cause the equilibrium price to fall; quantity demanded will increase. A decrease in supply will cause the equilibrium price to rise; quantity demanded will decrease.

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Cragmont has beginning equity of $277,000, net income of $63,000, withdrawals of $25,000 and no additional investments by owners
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The ending equity is $315,000 This is just a matter of adding income and subtracting withdraws. So let's do it. "Cragmont has beginning equity of $277,000," x = $277000 "net income of $63,000" x = $277000 + $63000 = $340000 "withdrawals of $25,000" x = $340000 - $25000 = $315000
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2 years ago
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A licensed broker must dispaly his or her name boldly in their primary place of business at all times becasue it helps to identify a broker quickly as well as has gives confidence to customers to transact business with them.

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A customer who shares his or her views of a firm's product and gets attention from other customers who respect these views is re
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A customer who shares his or her views of a firm's product and gets attention from other customers who respect these views is referred to as an opinion leader.

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Merton distinguishes two varieties of opinion leadership: monomorphic and polymorphic. Typically, opinion leadership is considered as a monomorphic, domain-unique degree of individual variations, this is, someone who is an opinion leader in one field may be a follower in some other subject.

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1 year ago
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elixir [45]

Answer:

c. Events

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REA a technique used for documentation, and it represents a portion of an entity-relationship diagram.

During the different evaluation of business cycles, the minimum cardinalities of the event are usually the same. It is not altered, i.e., they remain 0 despite each business cycle component when REA diagrams are fused.

3 0
3 years ago
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