On may 16 the exchange rate of a german mark was .58. on, Ask an Expert

Finance

On May 16, the exchange rate of a German mark was $.58. On May 20, the exchange rate is $.57. Which of the following statements is true?

a. The dollar has risen against the mark

b. The dollar has fallen against the mark

c. The dollar is weaker than the mark

d. The dollar and the mark are equally strong

What causes one country's currency to rise or fall against another's?

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9397363

Have any Question?Write your Review or question?

Related Questions in Basic Finance

Question - assume that you are given a one year forward

Question - Assume that you are given a one year forward price of $ 50 and domestic rate interest of 6% per annum. Determine what the spot price using continues time.

Question - a us importer has arranged to purchase goods

Question - A US importer has arranged to purchase goods costing 157,895 Yuan from a Chinese exporter, and will sell those goods for a guaranteed price of $1,325,000. The goods will be delivered immediately, but the impor ...

Matt johnson delivers newspapers and is putting away 15 at

Matt Johnson delivers newspapers and is putting away ?$15 at the end of each month from his paper route collections. Matt is 10 years old and will use the money when he goes to college in 8 years. What will be the value ...

Assignment - write a financial analysis for a us-based

Assignment - Write a financial analysis for a U.S.-based, publicly traded organization. To begin, research the latest two years of financial statements for a publicly traded organization based in the United States. Obtai ...

1 how to find the total shortage for company sells 2338

1. How to find the total shortage for Company sells 2338 chairs a year at an average price per chair of $185. The carrying cost per unit is $25.67. The company orders 579 chairs at a time and has a fixed order cost of $5 ...

You are the project manager assigned to build and design a

You are the project manager assigned to build and design a parking garage. What might be an example of a lead you encounter when scheduling work activities?

A project has an initial cost of 30000 and will produce

A project has an initial cost of $30,000 and will produce cash inflows of 8000 per year for the next five years. In addition, the project will have a salvage value of $2000 at the end of its useful life. Find the net pre ...

Calculating project ocf summer time inc is considering a

Calculating Project OCF. Summer Time, Inc. is considering a new 3-year project that requires an initial fixed asset investment of 3.9 million. The fixed asset will be depreciated straight line to zero over its three-year ...

Banking and finance research project -this project will

Banking and Finance Research Project - This project will further your understanding of how financial markets function. The assignment consists of two parts. Part A of the assignment focuses on the financial instruments o ...

Valentinos maintains a constant debt-to-assets ratio of 072

Valentino's maintains a constant debt-to-assets ratio of 0.72, with total assets of $59986. Its plowback ratio is 0.21, and net income is $7130. What is the sustainable growth rate? Input your answer as a decimal rounded ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert