Question 1 please ## Agricultural Economics 452.501/502### International Trade and Agriculture#### Fall 2021**Homework Assignment 5** *Thomas-Winston* **Due: November 23**1. **The U.S. price of corn is $100 per ton, and the exchange rate between the U.S. dollar and the Japanese yen is ¥120 = $1.00.** a) Calculate the international price of U.S. corn for Japan. b) If the exchange rate changes to ¥145 = $1.00, calculate the new international corn price for Japan.2. **Suppose the cost of purchasing euros (EUR) and Canadian dollars (CAD) at the airport are given by the following bid/ask price:** a) EUR 1 = USD 1.16 / 1.22 b) CAD 1 = USD 0.81 / 0.93 a) How much USD is required to purchase EUR 2,000? b) How much USD is required to purchase CAD 1,500? c) How much USD will you get if you’d like to sell EUR 500 to the airport’s currency exchange store? d) How much USD will you get if you’d like to sell CAD 500 to the airport’s currency exchange store? e) Calculate the percent spread or margin for USDEUR. f) Calculate the percent spread or margin for USDCAD.3. **Using the data provided in the Excel sheet, complete the following using R (please include your codes):** *(The tasks detailed in this part are not visible in the image.)* (Note: The document does not include any graphs or diagrams to describe.)

The exchange rate is the rate at which one currency is exchanged for another currency. The exchange rate would result in the real and nominal exchange rate. The nominal exchange rate would result in the ratio of two currencies which would explain the amount of foreign currency per unit of home currency. The exchange rate is one of the most important factor which affects the net exports and the current account. The exchange rate would result in the affecting the aggregate demand which affects the price and the output. The international price for US corn in country J would depend on the exchange rate. The price would depend on the rate at which dollar and yen are exchanged for each other. Thus, the international price of corn in country J would be 12,000¥ for one tonne of corn. The exchange rate of $1=145¥ would result in depreciation of yen and an increase in international price of corn in country J thus the price would be 14,500¥. Thus, the international price would increase from 12,000¥ to 14,500¥.

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The U.S. price of corn is $100 per ton, and the exchange rate between the U.S.dollar and the Japanese yen is ¥120 = $1.00. a) Calculate the international price of U.S. corn for Japan. b) If the exchange rate changes to ¥145 = $1.00, calculate the new international corn price for Japan. 1.

The U.S. price of corn is $100 per ton, and the exchange rate between the U.S.dollar and the Japanese yen is ¥120 = $1.00. a) Calculate the international price of U.S. corn for Japan. b) If the exchange rate changes to ¥145 = $1.00, calculate the new international corn price for Japan. 1.

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Question 1 please

## Agricultural Economics 452.501/502
### International Trade and Agriculture
#### Fall 2021

**Homework Assignment 5**
*Thomas-Winston*
**Due: November 23**

1. **The U.S. price of corn is $100 per ton, and the exchange rate between the U.S. dollar and the Japanese yen is ¥120 = $1.00.**

a) Calculate the international price of U.S. corn for Japan.

b) If the exchange rate changes to ¥145 = $1.00, calculate the new international corn price for Japan.

2. **Suppose the cost of purchasing euros (EUR) and Canadian dollars (CAD) at the airport are given by the following bid/ask price:**

a) EUR 1 = USD 1.16 / 1.22

b) CAD 1 = USD 0.81 / 0.93

a) How much USD is required to purchase EUR 2,000?

b) How much USD is required to purchase CAD 1,500?

c) How much USD will you get if you’d like to sell EUR 500 to the airport’s currency exchange store?

d) How much USD will you get if you’d like to sell CAD 500 to the airport’s currency exchange store?

e) Calculate the percent spread or margin for USDEUR.

f) Calculate the percent spread or margin for USDCAD.

3. **Using the data provided in the Excel sheet, complete the following using R (please include your codes):**
*(The tasks detailed in this part are not visible in the image.)*

(Note: The document does not include any graphs or diagrams to describe.)

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