Answer:
He should have exchanged the dollars for real in January 2016 to maximize his Brazilian spending. The exchange rate in January will result to highest Real (BRL) of R$<em>59,463.00</em>
Explanation:
To arrive at R$ equivalent of $15,000 on monthly basis, since BRL=1.00 USD, multiply R$ exchange rate each month by $15,000.
For January, 3.9642*15,000= R$59,463.00
February 3.8402*15,000= $57,603.00, etc.
Solution
S/N Month BRL=1.00 USD BRL Equivalent(R$)
1 January 3.9642 59,463.00
2 February 3.8402 57,603.00
3 March 3.6086 54,129.00
4 April 3.6851 55,276.50
5 May 3.5843 53,764.50
6 June 3.5493 53,239.50
7 July 3.2331 48,496.50
8 Aug-08 3.2312 48,468.00
The best type of account for Jorge, who has $300 for work he performed and expects to spend the money in the next few weeks to buy a new bike is checking account. A checking account is useful for money that you will be spending soon, like in Jorge's case. Checking account can be accessed using checks, automated teller machines and electronic debits.
C: They charge extremely high interest rates.
Answer:
The correct answer is D.
Explanation:
Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another as goods but not perfect substitutes (such as from branding, quality, or location). In monopolistic competition, a firm takes the prices charged by its rivals as given and ignores the impact of its own prices on the prices of other firms.
Monopolistic competitive markets:
have products that are highly differentiated, meaning that there is a perception that the goods are different for reasons other than price;
have many firms providing the good or service;
firms can freely enter and exits in the long-run;
firms can make decisions independently;
there is some degree of market power, meaning producers have some control over price; and
buyers and sellers have imperfect information.
