Business, 25.05.2021 21:50, hayleebeals50

Item Required information Required information Skip to question Current Time 4:27 / Duration 4:27 1x Florin and Guilder are two countries separated by a narrow sea. They use currencies called, respectively, the Flop and the Gulp. Suppose the nominal exchange rate is .5 Flops per Gulp. A Guilderian trader buys a 40 Flop barrel of Florish pickles by exchanging 80 Gulps, and a Florish trader buys a 20 Gulp crate of Guilderian apples by exchanging 10 Flops. Then the Gulp appreciates to 2 Flops per Gulp. a. What price must the Guilderian pay for the same 40 Flop barrel of pickles

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