Florin and Guilder are two countries separated by a narrow sea. They use currencies called, respectively, the Flop and the Gulp. The nominal exchange rate is 0.2 Flops to one Gulp. If a trader wanted to exchange 50 Gulps for Flops, how many Flops would she get?  . Suppose a trader turns in 40 Gulps, and gets 200 Flops. What is the nominal exchange rate? Instructions: Round your answer to two decimal places.  Flops/Gulp Suppose the nominal exchange rate is 0.5 Flops/Gulp. A Guilderian trader wants to buy a barrel of Florish turnips for 15 Flops. How many Gulps must he convert to get that many Flops? Instructions: Enter your answer as a whole number.

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Chapter19: The International Monetary System: Order Or Disorder
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Florin and Guilder are two countries separated by a narrow sea. They use currencies called, respectively, the Flop and the Gulp.

  1. The nominal exchange rate is 0.2 Flops to one Gulp.

    If a trader wanted to exchange 50 Gulps for Flops, how many Flops would she get?

     .

  2. Suppose a trader turns in 40 Gulps, and gets 200 Flops.

    What is the nominal exchange rate?

    Instructions: Round your answer to two decimal places.

     Flops/Gulp

  3. Suppose the nominal exchange rate is 0.5 Flops/Gulp.

    A Guilderian trader wants to buy a barrel of Florish turnips for 15 Flops.

    How many Gulps must he convert to get that many Flops?

    Instructions: Enter your answer as a whole number.

     

 
 
 
 
 
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