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Ch 21 Quiz i Saved 3 Part 3 of 3 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 10 Flops per Gulp. A Guilderian trader buys a 150 Flop barrel of Florish pickles by exchanging 15 Gulps, and a Florish trader buys a 5 Gulp crate of Guilderian apples by exchanging 50 Flops. Then the Gulp depreciates to 5 Flops per Gulp. Instructions: Enter your answers as whole numbers. a. How much must the Guilderian pay for the same 150 Flop barrel of pickles? Gulps b. How much must the Florish trader pay for the same 5 Gulp crate of apples? FlopsSaved Help Save & 2 Part 2 of 3 Skipped 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 10 Flops per Gulp. A Guilderian trader buys a 150 Flop barrel of Florish pickles by exchanging 15 Gulps, and a Florish trader buys a 8 Gulp crate of Guilderian apples by exchanging 80 Flops. Then the Gulp appreciates to 25 Flops per Gulp. a. What price must the Guilderian pay for the same 150 Flop barrel of pickles? Gulps b. How much must the Florish trader pay for the same 8 Gulp crate of apples? Flops Mc raw EducationECON& 202 SU20 0449 - Macro Economic Connect Connect Florin And Guilder Are Two Count Ch 21 Quiz i Saved Help Sav Florin and Guilder are two countries separated by a narrow sea. They use currencies called, respectively, the Flop and the Gulp. a. The nominal exchange rate is 5 Flops to one Gulp. If a trader wanted to exchange 10 Gulps for Flops, how many Flops would she get? Part 1 of 3 b. Suppose a trader turns in 20 Gulps, and gets 15 Flops. What is the nominal exchange rate? Instructions: Round your answer to two decimal places. Flops/Gulp c. Suppose the nominal exchange rate is 2 Flops/Gulp. A Guilderian trader wants to buy a barrel of Florish turnips for 14 Flops. How many Gulps must he convert to get that many Flops? Instructions: Enter your answer as a whole number. Graw Eation