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14 DKK = $1 => 1 DKK = $1/14 = $0.0714
Q1. Therefore, 1 DKK = $0.0714
220 CLP = $1 => 1 CLP = 1$1/220 = $0.0045
Q2. Therefore, 1 CLP = $0.0045
As we have, 1 DKK = $1/14 = 1/14 x 220 CLP = 15.7143 CLP
Q3. Therefore, 1 DKK = 15.7143 CLP
1 CLP = $1/220 = 1/220 x 14 DKK = 0.0636 DKK
Q4. Therefore, 1 CLP = 0.0636 DKK
Given that the changed exchange rates are 12 DKK = $1 and 240 CLP = $1
Since, 1 USD can purchase less DKK now, USD has depreciated against DKK. 1 USD can purchase higher DKK now. Hence, USD has appreciated against CLP
From the rule of transitivity, we have that if USD has depreciated against DKK and CLP has depreciated against USD, then CLP has depreciated against DKK (logical rule)
Hence, the correct option is A. U.S.dollar has depreciated against the Danish Krone
Suppose the exchange rate between the Danish krone and the U.S. dollar is 14 DKK =...
Exchange Rates The chart below shows the exchange rate between the U.S. dollar and the Mexican peso in 2015 and 2016. In these questions we’ll focus on changes in 2015. Note that the chart shows the exchange rate in terms of pesos per dollar. Suppose a meal at a restaurant in Mexico City cost 90 pesos in 2015. Read approximate figures from the chart for the exchange rate in January 2015 and January 2016, and use those figures to answer the following...
Question 82 To appreciate the U.S. dollar against the Mexican peso, in the foreign exchange market the Fed could dollars and pesos Not yet answered Points out of 1.00 Remove flag Select one: A. selt, sell O B. selt;buy C. buy, sell D. buy, buy E. None of the above answers is correct because the Fed cannot affect the US exchange rate. If the exchange rate changes from 15 euros per dollar to 10 euro per dollar, the euro has...
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If the exchange rate between the Japanese Yen and the US Dollar changes from 100 to 110 yen per dollar, _____. A. the yen has appreciated against the dollar B. the dollar has depreciated against the yen C. the dollar has appreciated against the yen D. the cost of a yen has increased in terms of dollars
please answer 2, 3ab. ty ❤️ 2. The exchange rate for the Danish krone, Es/pke is .15. The exchange rate for the Uruguayan peso, Es/Peso, is .025. What the exchange rate of krone for Uruguayan pesos, EoKx/poso using the cross rate? A bottle of Chivas Regal, a scotch whiskey made in the U.K., costs 30€. What is the price in dollars when the exchange rate, Es = 1.2? When Es = 1.3? b. A bottle of Johnnie Walker, a Kentucky...
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tomorrow the delar, how many Quantitative Problem 1. Suppose that I Swedish krone could be purchased in the foreign exchange market today for $0.13. If the krone appreciated kronas would a dollar buy tomorrow? Do not round intermediate calculations. Round your answer to two decal places. kronas Show All Feedback Quantitative Problem 2: Suppose the exchange rate between the U.S. dollar and the South African rand was 15 rand - $1 and the exchange rate between the US dollar and...
I. Suppose the pound/dollar exchange rate on Monday is 1.5 and on the following Friday is 1.6 a. Briefly discuss what has happened to the price of the domestic currency in terms of the foreign currency (Since we live in the U.S., our domestic currency is U.S. dollars). b. Has the value of the dollar increased or decreased during the week? What has happened to the purchasing power of the dollar in terms of the pound? Briefly explain. c. Has...