Totally Cool T-shirts
Suppose you Start the Totally Cool International Shirt (TCIS) Company, a business that imports authentic college t-shirts from foreign universities and sells them on campuses in the United States. You need to translate the foreign prices of the shirts into dollars. Do this for the t-shirts from the following universities by filling in the table:
|
University ( Country) |
Price of T-shirt |
Exchange Rate |
Dollar Price |
|
Sorbonne (France) |
12 Euros |
0.8269 Euros/$ |
|
|
Delhi University (India) |
450 Rupees |
44.189 Rupees/$ |
|
|
Seoul National Univ. (Korea) |
8,100 Won |
980.97 Won/$ |
|
|
University of Rio (Brazil) |
15 Reals |
2.2826 Reals/$ |
|
|
Oxford University (U.K.) |
8 Pounds |
0.5685 Pounds/$ |
Suppose that a month from now the exchange rates are given below. State whether these new exchange rates represent an appreciation or a depreciation of each currency against the dollar. Also, without calculating the actual dollar prices of t-shirts, state whether the dollar price will fall or rise.
|
Currency
|
Euro
|
Rupee
|
Won
|
Real
|
Pound
|
|
Exchange Rate
|
0.80E/$
|
48.65R/$
|
953.52W/$
|
2.85R/$
|
0.53P/$
|
|
Appreciation (A) or Depreciation (D)
|
|||||
|
Dollar Price Rises (R) or Falls (F)
|