Business, 21.02.2020 23:49 kaileyy06

Comparing Cheap Dates Around the World. Comparison of prices or costs across different country and currency environments requires translation of the local currency into a single common currency. This is most meaningful when the comparison is for the identical or near-identical product or service across countries. Deutsche Bank has recently started publishing a comparison of cheap and evening on the town for two to eat atMcDonald's, see a movie, and drink a beer. Once all costs are converted to a common currency, the U. S. dollar in this case, the cost of the date can be compared across cities relative to the base case of a cheap date in USD in New York City. After completing the tableanswer the following questions. c. If the exchange rate in Moscow on the Russian ruble (RUB) was USD 0.0493/RUB instead of USD 0.0283/RUB what would be the USDprice?d. If the exchange rate in Shanghai was CNY 6.5/USD what would be its cost in USD and relative to a cheap date in New YorkCity?

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Comparing Cheap Dates Around the World. Comparison of prices or costs across different country and c...

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