QUESTION 21 Suppose the nominal exchange rale between the Japanese yen and the UK pound is 100 yen per pound. Further, suppose that a kilogram of nice costs \( £ 2 \) in the UK and 250 yen in Japan. What is the real exchar rate Detween Japan and the UK? a) 2.5 kilograms of Japanese rice per kilogram of UK rice. b) 0.5 kilograms of Japanese nce per kiogram of UK rice. c) 1.25 kilograms of Japanese rice per kilogram of UK rice.

QUESTION 13 Which of the following is least likely to be associated with market failure, and is consequently least likely to require any form of state regulation or intervention? a) Hake fishing off the west coast of South Africa. b) The provision of education services in govemment schools. c) The provision of education services in private schools. d) The market for fast foods.

\( \begin{array}{ll}\text { 2) } 6,5 \% \cdot y=3,3 ; & \text { 4) } \frac{3}{4} \% \cdot y=3 \frac{1}{2}\end{array} \begin{array}{l}\text { 407. Bank goýumçylara her ýylda } 2 \% \text { girdeji berýär. Banka 1) } 20000 \\ \text { man goýan goýumçy; 2) } 30000 \text { man goýan goýumçy bir ýylda näçe girdeji }\end{array} \)

407. Bank goýumçylara her ýylda \( 2 \% \) girdeji berýär. Banka 1) 20000 man goýan goýumçy; 2) 30000 man goýan goýumçy bir ýylda näçe girdeji alar?

Suppose the nominal exchange rate between the Japanese yen and the UK pound is 100 yen per pound. Futher, suppose that a kilogram of rice costs \( £ 2 \) in the UK and 250 yen in Japan. What is the real exchange rate between Japan and the UK? a) 2.5 kilograms of Japanese rice per kilogram of UK rice. b) 0.5 kilograms of Japanese rice per kilogram of UK rice. c) 1.25 kilograms of Japanese rice per kilogram of UK rice. d) 0.8 kilograms of Japanese rice per kilogram of UK rice.

9.1 How much must Peter invest now, at \( 9,5 \% \) p.a. compounded quarterly, if he wants to have \( R 40000 \) after 6 years? Convert \( 20 \% \) p.a. effective to a nominal rate, compounded monthly. Mike opens a savings account with a deposit of \( R 60000 \). He leaves the money in the account for 7 years. The interest rate for the first 3 years is \( 2,7 \% \) p.a. compounded quarterly and for the remaining 4 years it is \( 3,2 \% \) p.a. compounded monthly. How much money will be in Mike's savings account at the end of the 7 -year period? Sarah deposited \( R 6000 \) into her bank account 10 years ago. Six years ago, she withdrew \( R 2000 \). Interest is calculated at \( 7,6 \% \) p.a. compounded monthly. How much money is in the account at present?