Answer:
Hence correct option is b i.e 7.2 yuan.
Explanation:
Given data;
candy bar cost is $1
Nominal exchange rate = 6 yuan equal to 1 dollar
Real exchange rate is = 1.2 dollar per 6 yuan
Therefore price for one candy at china will be 
The price of candy bar at china is = 7.2 yuan
Hence correct option is b i.e 7.2 yuan.
1. What is the difference between currency and the money supply?
Currency is the type of money being used (for example the Japanese Yen or the American Dollar). While money supply is the amount of money in an economy and the money being used.
2. How do banks make profits?
They make profits by giving loans and them collecting with interest.
3. Why might you want a loan to start a business?
One might want a loan to start a business because not every person has large amounts of money to start and maintain a business, so many will go to a bank to start-up.
4. What is the Federal Reserve?
The Federal Reserve is the central banking system of the United States.
Answer:
b) Data converted into a meaningful and useful context.
Explanation:
Information described by the Merriam Webster dictionary is “the communication or reception of knowledge and intelligence. Knowledge obtained from investigation, study or instruction”. Information described by the Cambridge Dictionary is “news, facts, or knowledge”. Inferring on these two meanings, we could state that the correct answer is the letter (b). Information is a collection of data converted into a meaningful and useful context.
Answer:
Fewer U.S. dollars were in circulation in 2015 than in 2019.
Explanation:
Exchange rates are known to be constantly fluctuating, and demand and supply are the causes of the rise and fall of currency values. When there is a higher demand for any nation’s currency or a shortage of the supply of that currency, then there would likely be an increase in price
.
From the question here, people received a higher value of the Mexican currency in 2019 because the US dollars that were in circulation in 2015 was smaller than that of 2019
.
