If the price of an ounce of gold is 200 ZARs in South Africa and $75 in Canada, what will be the South African Rand (ZAR) per Canadian dollar (C$) exchange rate?
a. C$1 = 4.25 ZAR
b. C$1 = 1.75 ZAR
c. C$1 = 2 ZAR
d. C$1 = 2.67 ZAR
e. C$1 = 4 ZAR
d
Economics
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The services of real estate brokers are provided in a competitive market. If the state Board of Realtors enacts several requirements that limit the number of real estate brokers, which of the following is most likely to occur?
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