Question: please answer all the question Question 4 a) Kevin has E400 to bring to Japan. He exchanges it for Yen at a rate of 1/#160,

please answer all the question

Question 4 a) Kevin has E400 to bring to Japan. He exchanges it for Yen at a rate of 1/#160, In Japan, he found a hotel room that cost him E25 for a night and he stay 3 nights. Based on the information given, show your workings. i. Calculate how much Yon (#) he gets. (2 Marks) ii. Calculate how much he has to pay for a hotel room for 3 nights in Yen (V). (3 Marks) b) Balance of Payment (BOP) consists of two components: the current account and the capital account that tracks international transactions. Discuss how a country can improve its balance of payment using the value of the currency (5 Marks) c) Discuss the theory of absolute advantage and comparative advantage and why comparative is more efficient. (10 Marks) [Total: 20 Marks]

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

A 0.40-m 3 insulated pistoncylinder device initially contains 1.3 kg of air at 30C. At this state, the piston is free to move. Now air at 500 kPa and 70C is allowed to enter the cylinder from a...

Question 4 a) Kevin has E400 to bring to Japan. He exchanges it for Yen at a rate of $1/*160. In Japan, he found a hotel room that cost him $25 for a night and he stay 3 nights. Based on the...

a) Kevin has E400 to bring to Japan. He exchanges it for Yen at a rate of $1/*160. In Japan, he found a hotel room that cost him $25 for a night and he stay 3 nights. Based on the information given,...

After reading CHAPTER 9 below, please answer the following question: QUESTION: What are your questions about what the author Michael J. Sandel is doing in chapter 9 , of his book " Justice " ? I...

After reading CHAPTER 9 below, please answer the following question: QUESTION: What is the dilemma with loyalty ? I am looking for the way the author Michael J. Sandel considered this question in...

After reading CHAPTER 9 below, please answer the following question: QUESTION: What are your questions about what the author Michael J. Sandel is doing in chapter 9 , of his book " Justice " ? I...

After reading CHAPTER 9 below, please answer the following question: QUESTION: What is the dilemma with loyalty ? I am looking for the way the author Michael J. Sandel considered this question in...

Please read the attached Tesla HBR case. Please answer the following question below in at least 5 to 6 paragraphs : - Assess Musk's strategy for SpaceEx - where would you look to position the company...

Hi, both part and and b of the question are shown please answer both, thankyou Question 3: (16 marks) Question 3 continued: a. The profit generated by the subsidiary in the U.K. is considered as a...

Please answer Question 10.4 - What are the major forces that affected the Japanese yen over the years? What factors do you think are important to monitor as you try to forecast what will happen to...

GOOD DAY MY BEST WRITER ATTACHED HERE IS MY INT 620 FINAL PROJECT ,I AM ALSO ATTACHING WHAT I HAVE WRITTEN ON HISTORIC BACKGROUND, MILESTONE ONE ,AND MILESTONE TWO FOR YOU TO COMBINED UPGRADE AND DO...

Daw sheau fevce and binding Manent deagram neut 30ku/m mimm 2m

What are the most popular commercial data mining tools?

For what does medigap insurance pay? The portion of medical expenses not covered by the government. Assistance at home. None of the above. Payments to a nursing home. The portion of medical expenses...

Use the information in the table above to explain the biases associated with the calculation of the YTM for bonds 1 and 2. Assume that the yield is calculated based on the so-called "Simple Yield...

"Establish a Domestic Tour Operating Company A group of 8-10 students are expected to understand the general decision-making process in management accounting. The students are required to establish a...

A substance, CH 3 CH 2 NH 2 , has a melting point of 81C and a boiling point of 18C. e)Explain, at the molecular level, why this is the sign of S sys . f)Why does this substance boil above, but not...

1. In point form, list all the items in the above draft statement of financial position that do not comply with the minimum disclosure requirements of the Companies Act and IFRS. NB: provide full...

Discuss Kodaks reasons why they have formulated a diversification strategy. Answer this question in 400 words

2. List five points that are crucial to pay attention to if you want to positively influence someone from a foreign culture.

1. Discuss what you think is meant by the following statements: a) Splitting an egg into half to get two chickens. b) We cannot study time by taking apart a clock.

5. Give some examples of hidden knowledge.