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please solve it in 20 mins I will thumb you up n Roster Question 25 D Myanmar's currency kyat per U.S. dollar 1,600 1,550 1,500
please solve it in 20 mins I will thumb you up
n Roster Question 25 D Myanmar's currency kyat per U.S. dollar 1,600 1,550 1,500 1,450 1,400 1,350 1,300- Jan Feb Mar Question 26 Apr Myanmar had a coup on February 1, 2021. Myanmar's currency is called the kyat, which here will be abbreviated as a k for simplicity. Myanmar before the coup had a pegged exchange rate at $1 = k1,330. By mid-April 2021, the kyat was trading at just below $1= k1,600. To simplify here, suppose the XR was fixed at $1 = k1,300 and went to $1 = k1,600. Suppose you are a bank you borrowed $100 from a foreign bank at the initial pegged rate and sold it for kyat. This means you have how many kyat? Continuing from above, you lend out the kyat and get a 20% return (in kyat) how many kyat do you have after the loans are paid back? [Initial XR: $1= k1,300 Terminal XR: $1= k1,600] 2 pts 2 pts n Roster Question 25 D Myanmar's currency kyat per U.S. dollar 1,600 1,550 1,500 1,450 1,400 1,350 1,300- Jan Feb Mar Question 26 Apr Myanmar had a coup on February 1, 2021. Myanmar's currency is called the kyat, which here will be abbreviated as a k for simplicity. Myanmar before the coup had a pegged exchange rate at $1 = k1,330. By mid-April 2021, the kyat was trading at just below $1= k1,600. To simplify here, suppose the XR was fixed at $1 = k1,300 and went to $1 = k1,600. Suppose you are a bank you borrowed $100 from a foreign bank at the initial pegged rate and sold it for kyat. This means you have how many kyat? Continuing from above, you lend out the kyat and get a 20% return (in kyat) how many kyat do you have after the loans are paid back? [Initial XR: $1= k1,300 Terminal XR: $1= k1,600] 2 pts 2 ptsStep by Step Solution
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