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1. If I want to get gas in the USA I can get some for $4.29 USD per Gallon right now, while it is $1.99 CAD per Liter. Given that there are 3.78 Liters in a Gallon, calculate the real exchange rate between a Canadian Liter of gas and an American Liter (not Gallon) of Gas, given that one Canadian Dollar currently buys about 0.79 American Dollars. 2. Inflation numbers came out today, and the CPI rose 6.7% March 2021 to March 2022. In the USA the CPI rose 8.5% for that same time period, the biggest increase since 1982. Both the Bank of Canada and the US Federal Reserve have been raising their key interest rates? Why? Last week, the Bank of Canada raised, and in 2 weeks

1. If I want to get gas in the USA I can get some for $4.29 USD per Gallon right now, while it is $1.99 CAD per Liter. Given that there are 3.78 Liters in a Gallon, calculate the real exchange rate between a Canadian Liter of gas and an American Liter (not Gallon) of Gas, given that one Canadian Dollar currently buys about 0.79 American Dollars. 2. Inflation numbers came out today, and the CPI rose 6.7% March 2021 to March 2022. In the USA the CPI rose 8.5% for that same time period, the biggest increase since 1982. Both the Bank of Canada and the US Federal Reserve have been raising their key interest rates? Why? Last week, the Bank of Canada raised, and in 2 weeks

A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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1. If I want to get gas in the USA I can get some for $4.29 USD per Gallon right now, while it is $1.99 CAD per Liter. Given that there are 3.78 Liters in a Gallon, calculate the real exchange rate between a Canadian Liter of gas and an American Liter (not Gallon) of Gas, given that one Canadian Dollar currently buys about 0.79 American Dollars. 2. Inflation numbers came out today, and the CPI rose 6.7% March 2021 to March 2022. In the USA the CPI rose 8.5% for that same time period, the biggest increase since 1982. Both the Bank of Canada and the US Federal Reserve have been raising their key interest rates? Why? Last week, the Bank of Canada raised, and in 2 weeks the Fed is expected to raise -- what will happen to the exchange rate (1 CAD = 0.79 USD as mentioned in (a) above) if the Fed decides not to raise? Why?
Transcribed Image Text:1. If I want to get gas in the USA I can get some for $4.29 USD per Gallon right now, while it is $1.99 CAD per Liter. Given that there are 3.78 Liters in a Gallon, calculate the real exchange rate between a Canadian Liter of gas and an American Liter (not Gallon) of Gas, given that one Canadian Dollar currently buys about 0.79 American Dollars. 2. Inflation numbers came out today, and the CPI rose 6.7% March 2021 to March 2022. In the USA the CPI rose 8.5% for that same time period, the biggest increase since 1982. Both the Bank of Canada and the US Federal Reserve have been raising their key interest rates? Why? Last week, the Bank of Canada raised, and in 2 weeks the Fed is expected to raise -- what will happen to the exchange rate (1 CAD = 0.79 USD as mentioned in (a) above) if the Fed decides not to raise? Why?
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