16. Study Questions #16. Ch 11. You are given the following spot exchange rates: $1=3 francs , $1=4 schillings , and $1 franc=2 schillings . Complete the following statement explaining how much profit a person could make via three-point arbitrage. (Hint: Ignore transaction costs.) An arbitrager could purchase 3 francs for $1, purchase 6 schillings with 3 francs, and sell 6 schillings for $1.50. Ignoring transaction costs, the arbitrager realizes a profit on the transactions.

Jewelry manufacturers produce a range of products such as rings, necklaces, bracelets, and brooches. what fundamental economic question are they addressing by offering this range of items?

Who is not spending wisely? erika goes shopping and saves her receipts. she totals how much she spent and writes it down. mia needs to buy a new pair of shoes because she joined the soccer team. she looks at newspaper ads to find the best price. lauren has been thinking about getting a puppy for a long time. she walks by the pet store at the mall and decides to get a puppy. erin makes a purchase online using a credit card. she knows that she can pay the entire bill when it arrives.

Which plan offers a tax-free education?