Question: Florin and Guilder are two countries separated by a narrow sea. They use currencies called, respectively, the Flop and the Gulp. a. The nominal

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 10 Flops to one Gulp. If a trader wanted to exchange 40 Gulps for Flops, how many Flops would she get? b. Suppose a trader turns in 10 Gulps, and gets 20 Flops. What is the nominal exchange rate? Instructions: Round your answer to two decimal places. Flops/Gulp c. Suppose the nominal exchange rate is 0.25 Flops/Gulp. A Guilderian trader wants to buy a barrel of Florish turnips for 20 Flops. How many Gulps must he convert to get that many Flops? Instructions: Enter your answer as a whole number.

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