Business, 11.10.2020 16:01 hooplikenari

OBook Florin and Guilder are two countries separated by a narrow sea. They use currencies called, respectively, the Flop and the Gulp.
Suppose the nominal exchange rate is 20 Flops per Gulp.
ASK
A Guilderian trader buys a 120 Flop barrel of Florish pickles by exchanging 6 Gulps, and a Florish trader buys a 4 Gulp crate of
Guilderian apples by exchanging 80 Flops.
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Then the Gulp depreciates to 10 Flops per Gulp.
Instructions: Enter your answers as whole numbers.
a. How much must the Guilderian pay for the same 120 Flop barrel of pickles?
I Guips

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OBook Florin and Guilder are two countries separated by a narrow sea. They use currencies called, r...

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