Think about it.
LDC is "less developed country"
Relative to Chicago time.
When do the major pairs like UER/USD and USD/JPY get going during the day. Although I know they're all open during the week there's a major kick at certain times of day/night. thanks.
Given that Trinidad and Tobago $1.00= EC 1.12
& Trinidad and Tobago 4.25=US $1.00
Convert
a) TT $1.00=EC $1.12
b) EC$850.00 to US
The rates of exchange at a bank are as follows.
US $1.00=TT$4.25
CAN $1.00=TT$3.50
A) A tourist changed US $900 to Trinidad and Tobago currency. Calculate the amount she receives.
B) She spends TT$2 425 and change the remaining Trinidad and Tobago currency to Canadian currency. Calculate the amount of money she received.
NOTE: TT mean Trinidad and Tobago
An american tourist changed U.S $700 into Trinidad and Tobago dollars at a rate of us $1.00=TT$4.26, she spent in trinidad, TT$1302, She then travels to barbados where she changes her Trinidad and Tobago dollars to barbados dollars, the exchange being TT$2.10=BDS 1.00.
A) How much trinidad and tobago dollars did she receive?
b)How much Barbados dollars did she get?
It is indeed amazing to see some countries can Print-Money-At-Will for a living. And, some countries(a lot of them) had to work their butt out to get world currencies!
Even more amazing is Printing-At-Will can condamn Working-Get-It for causing inflation!
Anyway: the following countries can print at will:
US
UK
Europe Union
Japan
The rest of the world, including China, had to work hard to get the above currencies.———in order to build "their reserves" to trade on this world!
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