Answer:
$1 = 122.84 Hungarian Forint
Explanation:
<em>The purchasing power parity theory states the future spot rate and and he current spot exchange rate between two currencies can be linked to the relative inflation rate between the two currencies. This also known as the law of one price.
</em>
The model is given as follows:
S = So× (1+Fc)/(1+Fh)
Fc - inflation rate in Hungary - 6.9%
Fh- Inflation rate in the US- 2.8%
S- Future spot rate- ?
So- Current spot rate-188.13
Expected exchange rate one year from now
118.13× (1.069)/(1.028)
=122.8414
= 122.84 Hungarian Forint
$1 = 122.84 Hungarian Forint
My favorite customer while working in banking was Mr. Smith, I built a relationship with through asking questions and uncovering needs. I’m doing so I was able to find out about his family & met them and even have been In each other lives for years now!!
In 2011, women working full-time and year-round earned 82
percent of what their male counterparts earned.
The data can be found in the book Women in the Labor Force:
A Databook. <span>This report presents historical and recent
labor force and earnings data for women and men from the Current Population
Survey (CPS), a national monthly survey of approximately 60,000 households conducted
by the U.S. Census Bureau for the U.S. Bureau of Labor Statistics.</span>
Answer:
A) Benefit farming communities in Congo
Explanation:
A policy of paying more than strictly necessary to poor farmers in Congo directly benefits those communities because it allows them to have more income available.
None of the other three answers address this effect. B) is wrong because the firm is incurring in higher wage costs, which does not benefit the company's bottom line. C) is wrong because farming is not part of the third sector of the economy, it is part of the first sector or primary sector, and D) is wrong because we do not have enough information to assume that those jobs in Congo were previously located somewhere else.