W.

posted by .

Is it true that if, for example, Euro's purchasing power is bigger than Dollar's if the exchange rate of dollars/euros is greater than 1 ?

• Economics -

Opps, I switched the school subject and my name.

• W. -

Curious, all the recent econ questions have been about exchange rates.

I think false. See my post to "..." above.

Similar Questions

1. Numerical & Proportional Reasoning

Kendra traveled to Europe and Japan on a buisness trip. In europe, she exchanged 300 U.S dollars for euros and spent 100 euros. she went to Japan and exchanged her remaining euros for yen. She spent 10,000 yen while in Japan. the exchange …
2. Economcis

I need some help on the following question, thanks. e = euros Suppose quotes for the dollar-euro exchange rate, E\$/e, are as follows: in New York \$1.50 per euro, and in Tokyo \$1.55 per euro. Describe how investors use arbitrage to …
3. Econ T/F

Pound's purchasing power is greater than Dollar's if Exchange rate \$/pounds > 1. -I am thinking false but not sure, anyone agree with me?
4. Economics

If CPI was 108 in 1985 and 130 in 1990 (base year 1982-1984 = 100) -the purchasing power of the dollar would have been the same in 1985 and 1990. -the purchasing power of the dollar in 1985 would have been greater. -the purchasing …
5. Math

Many nations compare the value of their currency to the US dollar. On a day early in 2009, \$1 CDN (1 Canadian dollar) was worth \$0.8290 USD (US dollar). This is known as an exchange rate. On the same date \$1 USD could be used to buy …
6. Math

Many nations compare the value of their currency to the US dollar. On a day early in 2009, \$1 CDN (1 Canadian dollar) was worth \$0.8290 USD (US dollar). This is known as an exchange rate. On the same date \$1 USD could be used to buy …
7. Math

Many nations compare the value of their currency to the US dollar. On a day early in 2009, \$1 CDN (1 Canadian dollar) was worth \$0.8290 USD (US dollar). This is known as an exchange rate. On the same date \$1 USD could be used to buy …
8. math

Suppose you are exchanging currency in the London airport. The currency exchange service there only makes transactions in which one of the two currencies is British pounds, but you want to exchange dollars for Euros. Thus you first …
9. MATH

Suppose you are exchanging currency in the London airport. The currency exchange service there only makes transactions in which one of the two currencies is British pounds, but you want to exchange dollars for Euros. Thus you first …
10. mathematics

In one year one dollar \$1 could be exchanged for one Euro and twenty cents A .. derive a formula to exchange dollars into euros. B.. use your formula to work out how many euros you would receive for \$250

More Similar Questions