Florin and Guilder are two countries separated by a narrow sea. They use currencies called, respectively, the Flop and the Gulp. The nominal exchange rate is 0.2 Flops to one Gulp. If a trader wanted to exchange 50 Gulps for Flops, how many Flops would she get? . Suppose a trader turns in 40 Gulps, and gets 200 Flops. What is the nominal exchange rate? Instructions: Round your answer to two decimal places. Flops/Gulp Suppose the nominal exchange rate is 0.5 Flops/Gulp. A Guilderian trader wants to buy a barrel of Florish turnips for 15 Flops. How many Gulps must he convert to get that many Flops? Instructions: Enter your answer as a whole number.
Florin and Guilder are two countries separated by a narrow sea. They use currencies called, respectively, the Flop and the Gulp. The nominal exchange rate is 0.2 Flops to one Gulp. If a trader wanted to exchange 50 Gulps for Flops, how many Flops would she get? . Suppose a trader turns in 40 Gulps, and gets 200 Flops. What is the nominal exchange rate? Instructions: Round your answer to two decimal places. Flops/Gulp Suppose the nominal exchange rate is 0.5 Flops/Gulp. A Guilderian trader wants to buy a barrel of Florish turnips for 15 Flops. How many Gulps must he convert to get that many Flops? Instructions: Enter your answer as a whole number.
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter13: Open-economy Macroeconomics: Basic Concepts
Section: Chapter Questions
Problem 8PA
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Florin and Guilder are two countries separated by a narrow sea. They use currencies called, respectively, the Flop and the Gulp.
- The nominal exchange rate is 0.2 Flops to one Gulp.
If a trader wanted to exchange 50 Gulps for Flops, how many Flops would she get?
.
- Suppose a trader turns in 40 Gulps, and gets 200 Flops.
What is the nominal exchange rate?
Instructions: Round your answer to two decimal places.
Flops/Gulp
- Suppose the nominal exchange rate is 0.5 Flops/Gulp.
A Guilderian trader wants to buy a barrel of Florish turnips for 15 Flops.
How many Gulps must he convert to get that many Flops?
Instructions: Enter your answer as a whole number.
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