Question
Use the following information the next two questions: Arup Corp., a Bruneian firm, manufactures clothes and sells them in the US. Last year the exchange
Use the following information the next two questions:
Arup Corp., a Bruneian firm, manufactures clothes and sells them in the US. Last year the exchange rate was B$1.411/$ and they charged 87 Bruneian dollars for a maxi-dress in Brunei. Currently the spot exchange rate is B$1.326/$. If the degree of pass-through is 74% and the price in Brunei stays the same:
How much is the percentage change in the exchange rate?
|
| 9.03% |
|
| 7.21% |
|
| 6.41% |
|
| 8.64% |
What is the new price of that maxi-dress in USD?
|
| $64.58 |
|
| $59.24 |
|
| $71.97 |
|
| $62.55 |
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Sam Bankman Fried
Authors: Evelyn Everlore
1st Edition
979-8866401925
