What is the dollar value of the invoices in exercise 13 if the dollar: a. depreciates 10

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What is the dollar value of the invoices in exercise 13 if the dollar:

a. depreciates 10 percent against the Australian dollar

b. appreciates 10 percent against the British pound

c. depreciates 10 percent against the Indian rupee

d. appreciates 20 percent against the Japanese yen

e. depreciates 100 percent against the euro

Data from in exercise 13

You are a U.S. importer who buys goods from many different countries. How many U.S. dollars do you need to settle each of the following invoices?

a. 1,000,000 Australian dollars for wool blankets (exchange rate: A\($1\) = \($.769\)

b. 500,000 British pounds for dishes (exchange rate: £1 = \($1.5855\)

c. 100,000 Indian rupees for baskets (exchange rate: Rs1 = \($.0602\)

d. 350 million Japanese yen for stereo components (exchange rate: ¥1 = \($.0069\)

e. 825,000 euros for German wine (exchange rate: €1 = \($1.05\)

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Economics

ISBN: 9781032046723

9th Edition

Authors: William Boyes, Michael Melvin

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