Business, 24.09.2019 14:50 datands

Because of the high volume of bicycles as a common form of transportation in beijing and shanghai, charles wants to sell his bicycle horns to these markets. in this case, the exchange rate is $1 u. s. dollar = 6.42 chinese yuan. economically speaking, how are his prospects?

Answers: 1

Show answers

Answers

This is not a good investment and Charles should hold his plan of selling his bicycle Beijing and in China. For example, if Charles sold his bicycle horn for $3.00, this would need a 6.42*3 which is equal to 19.26 Chinese yuan.

Answer from: Seaisnowblue

Charles's prospects of economically speaking are that it depends on the value of the Chinese yuan with respect to the U.S. dollar.

Further Explanation:

Exchange rate:

The exchange rate is the rate in which two currencies are exchanged between each other. The exchange rate is decided by the government. The exchange rate is used in case of import the goods and the export of the goods. The exchange rate depends on the value of the currency if the one currency value is high as compared to the other currency value. The exchange rate is determined according to these values of currency.

Chinese Yuan is the currency of China and the U.S. dollar is the currency of the United States of America. The exchange rate between these two countries is 1 U.S. dollar is equal to 6.42 Chinese Yuan. The Chinese receive 6.42 Chinese yuan in exchange for 1 U.S. dollar.

As the bicycle is the common form of transportation in China. If Charles sells this bicycle, he is not able to travel from one place to another. The demand for the bicycle is more in china, Charles should not sell the bicycle.

Learn more:

1.Learn more about the demand curve

2.Learn more about the exchange

3.Learn more about economic pie

Answer details:

Grade: Middle School

Subject: Economics

Chapter: Exchange rate

Keywords:

because of, high volume, bicycles, a common form of transportation, in Beijing and Shanghai, horns, market, $1 U.S. dollar = 6.42 Chinese yuan, value, prospects, exchange rate, Charles, import, export, currency.

Answer from: Quest

Typically, los inflation is a sign of a healthy economy because it results from a steady rise in demand.

Answer from: Quest

answer; interviews;

Another question on Business

Business, 21.06.2019 21:50

The next dividend payment by savitz, inc., will be $2.08 per share. the dividends are anticipated to maintain a growth rate of 6 percent forever. if the stock currently sells for $42 per share, what is the required return?

Answers: 2

Answer

Business, 21.06.2019 22:10

Fess receives wages totaling $74,500 and has net earnings from self-employment amounting to $71,300. in determining her taxable self-employment income for the oasdi tax, how much of her net self-employment earnings must fess count? a. $74,500 b. $71,300 c. $53,900 d. $127,200 e. none of the above.

Answers: 3

Answer

Business, 22.06.2019 08:30

An employer who is considering hiring eva has asked donna, eva’s former supervisor, for a report on eva. in truth, eva’s work for donna has been only average. however, eva is donna’s friend, and donna knows that eva probably will not get the job if she says anything negative about eva, and donna knows that eva desperately needs the job. further, donna knows that if the situation were reversed, she would not want eva to mention her deficiencies. nevertheless, it has been donna’s policy to reveal the deficiencies of employees when she has been asked for references by employers, and she knows that some of eva’s faults may be bothersome to this particular employer. finally, this employer has leveled with donna in the past when donna has asked for a report on people who have worked for him. should donna reveal deficiencies in eva’s past performance? (remember to use one of the three moral theories acceptable for this test to solve this dilemma. any discussion of any personal opinion, religious perspective, or theory other than the moral theories acceptable for this test will result in a score of "0" for this question.)

Answers: 1

Answer

Business, 22.06.2019 11:00

The role of the credit department includes: a. evaluating customers' credit applications to determine whether they meet the company's approval standards. b. approving all credit applications in order to avoid losing sales. c. collecting cash from customers. d. following unwritten approval standards for processing customers' credit applications.

Answers: 2

Answer

You know the right answer?

Because of the high volume of bicycles as a common form of transportation in beijing and shanghai, c...

Questions