Problems And Exercises in Economics
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In our eReader you can find the full English version of the book. Read Problems And Exercises in Economics Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Problems And Exercises in Economics
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FOREIGN EXCHANGE 101 329. "Fundamentally the rate of exchange be- tween two countries depends' aipon whal. A lniu of the money of one country will buy in that country as compared with what a unit of the money of the other country will buy in that other country. " a. Does this seem to be reasonable? As between two gold standard countries, should you expect an ounce of gold to buy approximately as much in one as in the other? Why? If so, then could the rate of exchange be determined approximately... by comparing the gold content of the monetary units of the two countries ?
b. If one or both of two countries are not on the gold standard, how will the rate of exchange be de- termined ? Why has the rate of German exchange in New York declined as the amount of paper money in Germany has increased?
c. The German price level was given as 3467 on January 4, 1922, the average for the middle of 1914 being taken as 100. If our price level was 150 then, on the basis of 1914, what should you expect a mark to have been worth in New York?
What to read after Problems And Exercises in Economics?
You can find similar books in the "Read Also" column, or choose other free books by Harry Gordon Hayes to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
FOREIGN EXCHANGE 101 329. "Fundamentally the rate of exchange be- tween two countries depends' aipon whal. A lniu of the money of one country will buy in that country as compared with what a unit of the money of the other country will buy in that other country. " a. Does this seem to be reasonable? As between two gold standard countries, should you expect an ounce of gold to buy approximately as much in one as in the other? Why? If so, then could the rate of exchange be determined approximately... by comparing the gold content of the monetary units of the two countries ?
b. If one or both of two countries are not on the gold standard, how will the rate of exchange be de- termined ? Why has the rate of German exchange in New York declined as the amount of paper money in Germany has increased?
c. The German price level was given as 3467 on January 4, 1922, the average for the middle of 1914 being taken as 100. If our price level was 150 then, on the basis of 1914, what should you expect a mark to have been worth in New York?
What to read after Problems And Exercises in Economics?
You can find similar books in the "Read Also" column, or choose other free books by Harry Gordon Hayes to read onlineMoreLess
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