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babunello [35]
3 years ago
15

Find the no-arbitrage cross exchange rate. The dollar-euro exchange rate is quoted as $1.60 = €1.00 and the dollar-yen exchange

rate is quoted at $1.00 = ¥120. Group of answer choices ¥192/€1.00 €1.25/¥1.00 €1.00/¥1.92 €1.92/¥100
Business
1 answer:
Nina [5.8K]3 years ago
6 0

Answer:

¥192/€1.00

Explanation:

In order to determine the cross rate, we need a formula such that the dollar sign in one exchange rate cancels the other dollar sign in the second exchange such that we are left with both Yen and the Euro as shown by the formula below:

S(€/¥) = S($/¥) / S($/€)

S($/¥) =$1/¥120

S($/€)=$1.60/ €1.00

S(€/¥) =($1/¥120)/($1.60/ €1.00)

if we change the division to multiplication we would have the below

S(€/¥) =$1/¥120*€1.00/$1.60

S(€/¥) =€0.005208333

This means that €0.005208333 =1¥

1¥/ €0.005208333=¥192

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Answer:

Substitutes

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BOTH THE HUMAN WORKERS AND ROBOTS CAN BOTH BE ENGAGED TO ATTACH THE PARTS,WHICH MEANS IN THE ABSENCE OF ONE THE OTHER CAN CARRY OUT THE RESPONSIBILITY OF THAT ONE.

6 0
3 years ago
The phrase "invisible hand" means that:
never [62]

Answer:

The correct answer is letter "B": The tendency of competition to cause individuals and firms to unintentionally promote the interests of society.

Explanation:

In his book "<em>An Inquiry into the Nature and Causes of the Wealth of Nations</em>" (1776), British economist Adam Smith (1723-1790) introduced the term "invisible hand" to refer that economic factors (buyers and sellers) naturally influence in the fluctuations of supply and demand without the need for the intervention of the government.  

According to Smith, buyers and sellers interactions act as an "invisible hand" arranging proper levels of competition between businesses and promoting the best interest of societies.

4 0
3 years ago
If nominal GDP is $900 billion and, on average, each dollar is spent six times in the economy over a year, then the quantity of
NeTakaya

Answer:

Option B (150) is the correct answer.

Explanation:

Given:

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= $900

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As we know,

⇒ Nominal \ GDP=Quantity \ of \ demanded \ money\times Money \ velocity

By putting the vales, we get

⇒                    900=Quantity\times 6  

⇒           Quantity=\frac{900}{6}

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7 0
3 years ago
site:coursehero.com why is it crucial to collect and analyze data when planning professional development sessions?
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Students are required to evaluate and analyze the data they gather in order to develop explanations for their results.

<h3>What is analyzing data?</h3>

To analyze anything is to break it down into its component parts and look at each one separately. Getting raw data and turning it into information that users can use to make decisions is the process of data analysis. In order to find answers, validate theories, or test hypotheses, data is gathered and evaluated.

Data analysis, according to statistician John Tukey, is:

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7 0
1 year ago
""The average daily rate charged by member banks for overnight loans of reserves" best describes the:"
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Answer:

Federal funds rate

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