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
GuDViN [60]
3 years ago
11

A pound of steak costs $10 in the U.S. and 56.25 riyals (the currency of Saudi Arabia) in Saudi Arabia. If the real exchange rat

e is 2/3, what is the nominal exchange rate
Business
1 answer:
Firlakuza [10]3 years ago
5 0

Answer: 3.75 Riyals / USD

Explanation:

The Real Exchange rate is different from the Nominal exchange rate as it takes into account, the differences between the 2 nations being compared in terms of prices of goods and services.

As such it can be used to calculate the Nominal rate;

Real Exchange Rate = (Cost in U.S. x Nominal Exchange Rate) / Cost in Saudi Arabia

2/3 = (10 x Nominal Exchange Rate) / 56.25

2/3 x 56.25 = 10 x Nominal Exchange Rate

10 x Nominal Exchange Rate = 37.50

Nominal Exchange Rate = 37.50 / 10

Nominal Exchange Rate = 3.75 Riyals / USD

<em />

<em>The nominal exchange rate is 3.75 Riyals for every $1. </em>

You might be interested in
Khái niệm sản phẩm dịch vụ ngành Tài chính – ngân hàng
umka2103 [35]
What? I don’t understand sorry
3 0
3 years ago
Maria wants to start a restaurant of her own. as she does not have any savings, she approaches her bank for money and enters an
Art [367]

Answer:

Line of credit

Explanation:

Line of credit ( LOC )-

It is the monetary value , which the bank or any credit union agrees to lend , with a predefined limit , from which the person can use the amount and then the interest is paid for the amount the person has borrowed , is known as line of credit .

In the case of LOC , a maximum limit , the interest rate and the time to repay back the amount with some minimum payments is defined beforehand .  

8 0
3 years ago
When conducting a SWOT analysis, in what phase of the strategic marketing process is an organization presently engaged?
Marysya12 [62]

Answer:

Planning Phase

Explanation:

Strategic marketing process deals with planning to develop and to implement operations so as to attain a competitive edge  in the market over competitors.

The aspect of strategic management process that deals with conducting SWOT analysis is the planning phase it is the first phase and a very important phase in  strategic marketing. It is the phase that assess the strength of the organisation, its weakness, its opportunity as well as the threat that it might face when trying to achieve its goals.   This process requires an organisation to conduct a SWOT analysis, set marketing goals, determine how to manage the four p's among other things.  

8 0
3 years ago
When you are driving slower than other traffic on a multi-lane highway, you must use
umka21 [38]
Your hazard lights to notify those around you.
6 0
3 years ago
Read 2 more answers
A grocery chain is interested in exploring the impact effective supply chain management would have. Suppose that for every $1 of
Verdich [7]

Answer:

$3.70

Explanation:

In this question we have to assume the items values

Let say

Sales = $100

So supply chain it spends 50% i.e $50

Profit is 4% i.e $4

Since the 46% is dividend among fixed and production costs

So the fixed cost is $23 and variable cost is $23

Now if the sales increase by $X, the revenue will increase by X.

So it would also increased the cost by X × (0.5+0.23)

And in overall, the profit is also increased

Plus it is given that there is  27% profit margin

So, the equation is

0.27X = 1

Therefore X = $3.70 with additional profit of $1

3 0
4 years ago
Other questions:
  • Clay Corporation manufactures two styles of lampslong dasha Bedford Lamp and a Lowell Lamp. The following per unit data are​ ava
    5·1 answer
  • A person whose annual salary is $18,000 earns how much monthly income?
    10·1 answer
  • SYBIL transfers property with a tax basis of $5,000 and a fair market value of $6,000 to a corporation in exchange for stock wit
    12·1 answer
  • From the list below, choose the one type of information that could be used to identify who you are.
    13·1 answer
  • Plz answer!....
    7·2 answers
  • Someone who desires to start/run a business, but is not comfortable with the idea of having a new product or service should cons
    6·1 answer
  • A depreciation of the US real exchange rate induces US consumers to buy: __________
    14·1 answer
  • The following transactions of Plymouth Pharmacies occurred during 2017 and 2018:
    6·1 answer
  • A company pays its employees $4,250 each Friday, which amounts to $850 per day for the five-day work week that begins on Monday.
    6·1 answer
  • Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!