Florin and Guilder are two countries separated by a narrow sea. They use currencies called, respectively,...
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 2 Flops per Gulp. A Guilderian trader buys a 50 Flop barrel of Florish pickles by exchanging 25 Gulps, and a Florish trader buys a 20 Gulp crate of Guilderian apples by exchanging 40 Flops. Then the Gulp depreciates to.5 Flops per Gulp Instructions: Enter your answers as whole numbers a. How much must the Guilderian pay for the same 50 Flop barrel of pickles? 1 Gulps b. How much must the Florish trader pay for the same 20 Gulp crate of apples? 100 Flops