Calculating exchange rate, 10 US dollars are exchanged for 500 Indian rupees. Calculate

Calculating exchange rate

10 US dollars are exchanged for 500 Indian rupees. Calculate the exchange rate for Indian currency?

Answer: $1 = 500/10 = Rs.50, that is, $1 = Rs. 50

Related Questions in Macroeconomics

Q : Custodian of nations foreign exchange

Name the institution that acts as a custodian of nation’s foreign exchange reserves? Answer: The Central Bank is an institution that acts as custodian of natio

Q : Adaptive expectations & Rational

Question: Compare and contrast 'adaptive expectations' (Hubbard uses adaptive expectations) and 'rational expectations' in modeling expectations. Answer:<

Q : McConnell Brue Flynn 19e What

What relationship does the MPC bear to the size of the multiplier

Q : Shortage of the good Describe when

Describe when there will be a shortage of the good?

Q : Define Break Even point Define Break

Define Break Even point? Elucidate with the help of saving function. Answer: Breakeven point is a point where consumption equals to income and saving is equivalent t

Q : Balance of trade IN which situation,

IN which situation, there is a deficit in the balance of trade.

Q : Tax shifting backward totally A tax

A tax will be backward-shifted totally when the: (i) demand curve is vertical and the supply curve is slopes up. (ii) demand curve slopes down and the supply curve is vertical. (iii) supply curve is perfectly elastic and the demand cu

Q : Price elasticity of demand for DVD games

In this figure shown below, the price elasticity of demand for DVD games among prices of $30 and $40 is nearest to: (i) 7/6. (ii) 1/2. (iii) 3/7. (iv) 7/3. (v) 1/3.