Author Question: What is the percentage change in price for an American importer of Indian sitar music cassettes if ... (Read 71 times)

Lobcity · **on:** Apr 25, 2021

Question 1

There is an indirect rate of 0.74 between the American dollar and the Canadian dollar. How many American dollars could you buy for 5,000 Canadian dollars?
◦ $3,700
◦ $7,432
◦ $6,757
◦ $5,424

Question 2

What is the percentage change in price for an American importer of Indian sitar music cassettes if the Indian rupee/U.S. dollar exchange rate goes from 12 rps./$ to 14rps./$ and the price of a cassette is 50 rupees?
◦ −16.7%
◦ −14.4%
◦ +20.2%
◦ +16.5%
◦ +14.2%

mjenn52 · **Reply #1 on:** Apr 25, 2021

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