Here are some strategies that Apple should implement to guarantee widespread use of Apple Pay -
i) Encourage more merchants to accept it by educating them and providing devices at low costs
ii) Expand support across various platforms so that users of different devices can access Apple Pay services
iii) Boost visibility by collaborating with additional e-commerce platforms and applications
Answer:
The real exchange rates calculated are 4.5 and 3
Explanation:
We understand that
Real exchange rate = Nominal exchange rate × (Basket cost in US ÷ Basket cost in Norway)
Utilizing this formula, the calculation proceeds as follows:
For a nominal exchange rate of 3, the real exchange rate is calculated as follows:
= 3 × (60 ÷ 40)
= 4.5
For a nominal exchange rate of 2, the real exchange rate is:
= 2 × (60 ÷ 40)
= 3
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