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Suppose that Australia’s price level is 125, the British price level is 100, and the nominal exchange rate of pounds to the dollar is £0.60 = $1

Suppose that Australia’s price level is 125, the British price level is 100, and the nominal exchange rate of pounds to the dollar is £0.60 = $1. Calculate the real exchange rate of pounds to the dollar. Show all workings.

 

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Kenya Beach Hotel Ltd were celebrating their golden jubilee by displaying fireworks.One of the fireworks exploded causing fire which spread to the neighboring house of Mogaka.As a result Mogaka’s house was damaged and his maid Sophia was severely burnt.A guest in the Hotel,Brian also suffered minor burns.Mogaka and Sophia sues Kenya Beach Hotel under Rule in Rylands and Fletcher and in trespass to land.Brian sues Kenya Beach Hotel in battery and Rylands and Fletcher. Advise Kenya Beach Hotel on their liability and the defense or defenses,if any,available to them

February 18, 2016 4:19 pm
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