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Lelu [443]
3 years ago
7

Suppose that Cambodia becomes the next popular tourist destination. You notice that hotels, restaurants, and other services cost

much less there than in the United States. If the exchange rate is defined as number of riels per dollar, the real exchange rate is:________.
a) 0.
b) 1.
c) greater than 1.
d) less than 1.
Business
1 answer:
Leokris [45]3 years ago
8 0

Answer:

c) greater than 1.

Explanation:

Cambodia is a southeast country in Asia. It is a beautiful country. It is very famous for the largest Hindu temple in the world, the Angkor Wat.  

The real exchange rate or RER in finance is defined as the currency of one country will be exchange for the currency of another country. It is the value of the currency of one country in comparison to the other country's currency.

In the context, the real exchange rate of Cambodian riel will be greater than 1 as the value Cambodian riel is much lower than U.S. dollar.

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Assume that a college student spends her income on Coke and Snickers. During finals week, the price of a Snickers candy bar is $
Ratling [72]

Answer:

The answer is: 10 Snickers bars and 20 cans of Coke.

Explanation:

To find out what combination she can buy with her total income ($32.50) we can just multiply the price of each product by its quantity;

  • If she buys 24 snickers bars and 12 cans of coke she will spend:

        (24 x $0.75) + (12 x $1.25) = $33     SHE CAN´T AFFORD TO BUY

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        (22 x $0.75) + (14 x $1.25) = $34     SHE CAN´T AFFORD TO BUY

  • If she buys 24 snickers bars and 12 cans of coke she will spend:

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  • If she buys 24 snickers bars and 12 cans of coke she will spend:

        (10 x $0.75) + (20 x $1.25) = $32.50    <u> </u><u>SHE CAN AFFORD TO BUY</u>

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3 years ago
Hops Grillhouse &amp; Brewery, formerly known as Hops Restaurant/Bar/Brewery, unveiled a multimillion dollar brand strategy feat
ValentinkaMS [17]

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In the given case, The food brewery is offering its product in a different way than the other participants and is trying their best to highlight that quality.

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Clemente Co. owned all of the voting common stock of Snider Co. On January 2, 2012, Clemente sold equipment to Snider for $125,0
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Answer:

$60,000

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Less BV $140, 000

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