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9514 1404 393 answer: less expensive step-by-step explanation: if we assume the supplies in nearland have a constant price of 15 nrd, then the cost in usd last year was ... (15 nrd)/(3 nrd/(1 usd)) = 5 usd this year, the cost is ... (15 nrd)/(5 nrd/(1 usd)) = 3 usd the cost in terms of usd has gone down. __ additional comments usually, exchange rates and local prices are related. if the supplies are produced in the us and sold in nearland, the producer may want to maintain their pricing in terms of usd. that is, a supply that cost 1 usd last year would have been priced at 3 nrd last year. this year, the same supply, for the same 1 usd cost would be priced at 5 nrd. in nearland, the supplies are more expensive than they were. the real answer is, "it depends".

Answer :

ogorwyne

These items have become less expensive to buy than they were last year.

How to compare the prices of the items through the exchange rate

The constant price of the supplies of the area called Nearland = 15NRD

The cost of this prices using the currency to the dollar is

Last year = (15 NRDN / 3 NRD) * $

= $5

This year the rate is = (15 NRD / 5 NRD) * $

= $3

Hence we can see that it was 5 dollars last year, but this year it is 3 dollars. The conclusion is that it has become less expensive.

Read more on exchange rate here:

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This is the correct question

You buy certain supplies in Nearland. Last year, the currency exchange rate was 1 USD = 3 NRD. Are these supplies more or less expensive to buy now than last year? Explain your answer in complete sentences

Techtopia

(Techtopian dollar, or TPA) 1 USD = 1 TPA

Crosswater

(Crosswatering dollar, or CSW) 1 USD = 20 CSW

Nearland

(Nearlandian dollar, or NRD) 1 USD = 5 NRD

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