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Author Question: What is the difference between the price floor and the price ... (Read 43 times)

cartlidgeashley

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on: Jun 29, 2018
What is the difference between the price floor and the price ceiling?

Question 2

What is the spot rate?


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jennafosdick

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Reply #1 on: Jun 29, 2018
Answer to Question 1

The price floor is the lowest price a company can charge for a good/service and still cover costs; the price ceiling is the highest price that can be charged in a market.

Answer to Question 2

The spot rate is the exchange rate for any given time of day.


cartlidgeashley

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

jackie

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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