Suppose the equilibrium exchange rate for dollars to euros is 1.2 $/€ representing 2 billion dollars traded, and the German consumers have recently started buying the latest iPads
What would you expect to happen to the equilibrium quantity and price in the currency market?
A) The equilibrium price and quantity would fall.
B) The equilibrium price and quantity would rise.
C) The equilibrium price would rise, and quantity would fall.
D) The equilibrium price would fall, and quantity would rise.
Answer: A
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Give an account of the relationship between ethics and law
What will be an ideal response?
What was Jett's penalty for his actions at Kidder Peabody?
a. He was sentenced to federal prison for 5 years b. He was banished from the securities business for life c. He was required to repay Kidder all the money he lost d. Both a and c
Fritz Walther, the CEO of Carl Walther Sportwaffen GmbH, is choosing between two mutually exclusive projects: (1 ) the Walther PBJ; and (2 ) the Walther PPK. Both projects involve an investment of $100,000
The operating cash flows for each project are shown in the table. The opportunity cost of capital is 10%. The PBJ project has an IRR of 11.65% and the PPK project has an IRR of 12.27%. Which project should Fritz choose (and why)? Year PBJ PPK 0 -100,000 -100,000 1 40,000 90,000 2 80,000 25,000 A) Choose the PPK project because its IRR is greater. B) Choose the PPK because its NPV is higher. C) Choose the PBJ because its NPV is higher. D) Choose the PPK because it generates more operating cash flows. E) Choose either because they both have the same NPV.
Facio Corporation has provided the following data concerning an investment project that it is considering: Initial investment$770,000 Working capital$65,000 Annual cash flow $274,000per yearSalvage value at the end of the project$20,000?See separate Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided.The working capital would be released for use elsewhere at the end of the project in 3 years. The company's discount rate is 8%. The net present value of the project is closest to:
A. $(61,412) B. $(113,022) C. $52,000 D. $3,588