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marta [7]
4 years ago
5

Suppose the direct quote for sterling in New York is 1.3110-5. Then the direct quote for dollars in London is:________.

Business
1 answer:
svetlana [45]4 years ago
5 0

Answer:

C. 0.7625-8

Explanation:

The direct quote for dollars in London would be the reciprocal of the quote for sterling in New York. By the reciprocal, I mean the 1 divided by the direct quote for sterling in New York which is shown below:

direct quote for dollars in London=1/ 1.3110

direct quote for dollars in London=0.7628

direct quote for dollars in London=1/1.3115

direct quotes for dollars in London=0.7625

A range between 0.7625 -0.7628

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If unnecessary government borrowing (deficit spending) and high tariffs are both harmful to the economy, why do governments in d
Nastasia [14]
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Here are the following choices:
<span>A. Politicians will follow bad economic policies in order to attract votes.
B. Most politicians have a very poor understanding of the principles of economics.
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5 0
3 years ago
You plan to borrow $35,000 at a 7.5% annual interest rate. The terms require you to amortize the loan with 7 equal end-of-year p
Alexeev081 [22]

Answer:

$2,250

Explanation:

Since terms require you to amortize the loan with 7 equal end-of-year payments, it implies that interest will be paid on the amount outstanding balance for a whole year.

The would be paid in Year 2 can therefore be calculated as follows:

Equal amount of the loan principal = Loan amount / Number of equal end-of-year payments = $35,000 / 7 = $5,000

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Year 2 interest payable = Loan balance outstanding throughout Year 2 * Annual interest rate = $30,000 = 7.5% = $2,250.

Therefore, you would be paying $2,250 interest in Year 2.

3 0
3 years ago
Why is marketing poorly understood?
iren2701 [21]
Most people think some marketing is a scam or fake deals.
7 0
3 years ago
The amount you owe in state income tax is based on:
artcher [175]
<span>A. Your yearly earnings. </span>
7 0
3 years ago
Read 2 more answers
please someone should help me.....how do we solve the square root of x +8 plus the square root of x+1 equals 7.....note the ques
lilavasa [31]

Answer:

(√x+ 8) +(√x+1 )=7 square both sides

x+8+x+1=49

2x+9=49

2x=49-9

2x/2=40/2

x=20

6 0
3 years ago
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