Florin and Guilder are two countries separated by a narrow sea. They use currencies called, respectively, the Flop and the Gulp. Suppose the nominal… | Cheap Nursing Papers

Florin and Guilder are two countries separated by a narrow sea. They use currencies called, respectively, the Flop and the Gulp. Suppose the nominal…

Florin and Guilder are two countries separated by a narrow sea. They use currencies called, respectively, the Flop and the Gulp.

Suppose the nominal exchange rate is .5 Flops per Gulp.

A Guilderian trader buys a 40 Flop barrel of Florish pickles by exchanging 80 Gulps, and a Florish trader buys a 20 Gulp crate of Guilderian apples by exchanging 10 Flops.

Then the Gulp appreciates to 2 Flops per Gulp.

a. What price must the Guilderian pay for the same 40 Flop barrel of pickles? ____ (Gulps)

b. How much must the Florish trader pay for the same 20 Gulp crate of apples?____ (Flops)

"Get 15% discount on your first 3 orders with us"
Use the following coupon
FIRST15

Order Now

Hi there! Click one of our representatives below and we will get back to you as soon as possible.

Chat with us on WhatsApp