On 15 November 2017, NZ Antique Furniture Importers acquires furniture from a supplier in Europe. The furniture is shipped f.o.b. from Brussels on 15 November 2017. The cost of the furniture is €600,000. The amount has not been paid at 31 December 2017. Exchange rates are as follows:15 November 2017NZ$1.00 = €0.5931 December 2017NZ$2.17 = €1.00What is the amount payable at 15 November and 31 December 2017 in New Zealand dollars (rounded to the nearest whole NZ$)? Did the New Zealand dollar strengthen or weaken? Question 3Select one:a.15 November 2017$1,302,00031 December 2017$1,111,111 The New Zealand dollar weakened.b.15 November 2017$1,016,94931 December 2017$1,302,000 The New Zealand dollar strengthenedc.15 November 2017 $246,00031 December 2017 $324,000 The New Zealand dollar weakened.d.15 November 2017$1,302,00031 December 2017$1,111,111 The New Zealand dollar strengthened.e.15 November 2017 $246,00031 December 2017 $324,000 The New Zealand dollar strengthened.f.15 November 2017$354,00031 December 2017$276,000 The New Zealand dollar strengthened.g.15 November 2017$1,016,94931 December 2017$1,302,000 The New Zealand dollar weakened.h.15 November 2017$354,00031 December 2017$276,000 The New Zealand dollar weakened

Consider the bilateral exchange rate between Australia and New Zealand. Suppose $1 AUD buys $1.05 NZD, the Australian price level is $100 AUD and the New Zealand price level is $110 NZD. Which of the following is TRUE?Group of answer choicesThe Australian dollar has more real purchasing power than the New Zealand dollarIn the long run, the New Zealand dollar is likely to depreciate against the Australian dollarThe real exchange rate is 0.90The real exchange rate is 1.10

. Below is the rate of the exchange to the answer of the following questions. Show all the working out to gain full marks. Country Currency Currency code Rate Australia Dollars Au$ 1.33 Japan Yen Yen 1.40 USA Dollars US$ 1.05 Britain Pounds GB€ 0.60 New Zealand Dollars NZ$ 1.80 Changing Kina to foreign currency To convert or change PNG Kina into foreign currency, simply multiply by the rate of exchange. For example. K2000 x 1.33= $Au2660 Changing foreign currency into PNG Kina Simply divide by the exchange rate. 250/1.80= K138.89 a) Rollie is planning to visit USA. She changes K500 into US dollars before she goes. How much dollars will she receive? b) Jim sees a camera advertised in Australia magazine. The price is $Au150. Postage is $Au5. He decides to send the money for the camera. Calculate how much Kina he will have to convert into Australian dollars. c) Maxie goes to New Zealand for a holiday. He changes K600 into New Zealand dollars before he goes. He spends $NZ600 while in New Zealand. When he returns to PNG, he converts what he has left into Kina. Calculate how much Kina he receives. Show all calculations

Suppose that the annual growth rate of nominal money supply is 1% in New Zealand and 5% in the Australia, and the annual growth rate of real GDP is 2% in New Zealand and 4% in Australia. According to the monetary model of exchange rate, the New Zealand dollar would __________ against the Australian dollar on an annual basis in the long run.

The New Zealand dollar to U.S. dollar exchange rateis 1.36, and the British pound to U.S. dollar exchangerate is 0.62. If you find that the British pound to NewZealand dollar were trading at 0.49, what would youdo to earn a riskless profit?

The table below shows the New Zealand wool exports in millions of dollars for the years 2005 to 2009. The data is recorded quarterly, that is over a three-month period. The centred four point moving means are calculated.