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Chris M.
Chris M., M.S.W. Social Work
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Experience:  Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)
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Suppose the exhange rate between British pounds and U.S. dollars

Resolved Question:

Suppose the exhange rate between British pounds and U.S. dollars is $1.35 per pound. What is the correct way write this pound-dollar exchange rate? The dollar-pound exchange rate?

Suppose the pound-dollar e4xchange rate is now 1.3500. Then, the U.S. dollar increases in vlaue by 5 percent. What is the new pound-dollar exchange rate? What is the new exchange rate if the U.S. dollar appreciates by 10 percent?
Submitted: 5 years ago.
Category: Homework
Expert:  Chris M. replied 5 years ago.

Hello, and thanks for the question.

 

Suppose the exhange rate between British pounds and U.S. dollars is $1.35 per pound. What is the correct way write this pound-dollar exchange rate? The dollar-pound exchange rate?

1 GBP = 1.3500 USD

1 USD = 0.7407 GBP

 

Suppose the pound-dollar exchange rate is now 1.3500. Then, the U.S. dollar increases in value by 5 percent. What is the new pound-dollar exchange rate? What is the new exchange rate if the U.S. dollar appreciates by 10 percent?

1 GBP = 1.3500 USD

1 GBP = 1.2825 USD (U.S. dollar increases in value by 5 percent)

1 GBP = 1.2150 USD (U.S. dollar appreciates by 10 percent)

 

Hope this helps!

Customer: replied 5 years ago.

Hello Chris,

 

Thank you for your help I really appreciate this so much. So how did you figure out these two problems?

 

I have another question to ask.

 

Indicate whether each of the tranactions below represents a credit(+) or a debt (-) item in a nation's BOP:

 

1. general electric corporation purchases electric swithces from a supplier in Germany.

is credit

 

2. Bell Helicopter sells new helicopters to a British oil field exploration company. is credit

 

3. Universal Studios makes the decision to begin building a new theme park in Singapore. Is debit

 

4. George Elwin has just received a dividend check for the stock he holds in British Airways. Is credit

 

5.Citigroup of New York agrees to provide insurance for goods shipped by the International Furniture Mart of Copenhagen to a London wholesale house. Is debit

 

6.Carlos Mendoza sends his paycheck from San Diego, California, to his family in Mexico City. Is Credit

 

Could someone check and see did I do this problem right?

Expert:  Chris M. replied 5 years ago.
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