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(this is an assignment, yes the countries are made up, but it was from my teacher) You buy certain supplies in Nearland. Last year, the currency exchange rate was 1 USD = 3 NRD. The currency now is 1 USD
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(this is an assignment, yes the countries are made up, but it was from my teacher)

You buy certain supplies in Nearland.

Last year, the currency exchange rate was 1 USD = 3 NRD.

The currency now is 1 USD = 5 NRD.

Are these supplies more or less expensive to buy now than last year?

Explain your answer in complete sentences.

User Xnakos
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2 Answers

2 votes

Answer:

yes because of inflation

User Manish Menaria
by
5.0k points
6 votes

Answer:

It would be more expensive

Step-by-step explanation:

It requires more money :)

User Giles Bradshaw
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5.6k points
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