Currency Exchange Worksheet (#5) 1. Let $1 =.78 € How much would a 20,000 € automobile cost in US$ 2. From #1, let the SUS appreciate by 5%, Now how much does the auto cost? 3. Let $1 = .78 € and $1 = 6.3 CNY (Chinese Yuan Renminbi) How many CNY will be purchased for 1 € 4. Given #3, how many € would it cost for a European importer to purchase 300 Chinese computers @, 3000 CNY per computer? 5. From #4, let there be a 5% appreciation in the CNY against the Euro Now how much do the computers cost in

Currency Exchange Worksheet (#5) 1. Let $1 =.78 € How much would a 20,000 € automobile cost in US$ 2. From #1, let the SUS appreciate by 5%, Now how much does the auto cost? 3. Let $1 = .78 € and $1 = 6.3 CNY (Chinese Yuan Renminbi) How many CNY will be purchased for 1 € 4. Given #3, how many € would it cost for a European importer to purchase 300 Chinese computers @, 3000 CNY per computer? 5. From #4, let there be a 5% appreciation in the CNY against the Euro Now how much do the computers cost in

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter21: International Finance

Section: Chapter Questions

Problem 3QP

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