Florin and Gullder are two countries separated by a narrow sea. They use currencies called, respectively, the Flop and the Gulp. a. The nominal exchange rate is 20 Flops to one Gulp. If a trader wanted to exchange 30 Gulps for Flops, how many Flops would she get? b. Suppose a trader turns in 200 Gulps, and gets 50 Flops. What is the nominal exchange rate? Instructions: Round your answer to two decimal places. Flops/Gulp c. Suppose the nominal exchange rate is 3 Flops/Gulp. A Guilderlan trader wants to buy a barrel of Florish turnips for 18 Flops. How many Gulps must he convert to get that many Flops? Instructions: Enter your answer as a whole number

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Author:Steven S. Zumdahl, Susan A. Zumdahl, Donald J. DeCoste
Publisher:Steven S. Zumdahl, Susan A. Zumdahl, Donald J. DeCoste
Chapter1: Chemical Foundations
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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.
a. The nominal exchange rate is 20 Flops to one Gulp.
If a trader wanted to exchange 30 Gulps for Flops, how many Flops would she get?
b. Suppose a trader turns in 200 Gulps, and gets 50 Flops.
What is the nominal exchange rate?
Instructions: Round your answer to two decimal places.
Flops/Gulp
c. Suppose the nominal exchange rate is 3 Flops/Gulp.
A Gulderlan trader wants to buy a barrel of Florish turnips for 18 Flops.
How many Gulps must he convert to get that many Flops?
Instructions: Enter your answer as a whole number
Transcribed Image Text:Florin and Guilder are two countries separated by a narrow sea. They use currencies called, respectively, the Flop and the Gulp. a. The nominal exchange rate is 20 Flops to one Gulp. If a trader wanted to exchange 30 Gulps for Flops, how many Flops would she get? b. Suppose a trader turns in 200 Gulps, and gets 50 Flops. What is the nominal exchange rate? Instructions: Round your answer to two decimal places. Flops/Gulp c. Suppose the nominal exchange rate is 3 Flops/Gulp. A Gulderlan trader wants to buy a barrel of Florish turnips for 18 Flops. How many Gulps must he convert to get that many Flops? Instructions: Enter your answer as a whole number
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