Suppose we have the following exchange rate quotes:
in US$
per US$
Euro area (â¬)
1.3455
.7432
Mexico (Ps)
.0781
12.8113
a. If you have $225, you can get euros.(Do not round intermediate calculations and round youranswer to 2 decimal places, e.g., 32.16. Use the â¬/$ exchange ratein your calculation.)
b. One euro is worth $ . (Donot round intermediate calculations and round your answer to 4decimal places, e.g., 32.1616.)
c. If you have 6,500,000 euros, you have$ . (Do not round intermediate calculations.Enter your answer in dollars, not millions of dollars, e.g.,1,234,567. Use the $/⬠exchange rate in yourcalculation.)
d. You can get Mexican pesos for aeuro. This type of rate is called (Click toselect) exchange rate mixedrate cross rate foreign currency .(Do not round intermediate calculations and round youranswer to 4 decimal places, e.g., 32.1616.)
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Related questions
Suppose we have the following exchange rate quotes:
in US$ | per US$ | |
Euro area (â¬) | 1.3637 | .7333 |
Mexico (Ps) | .0781 | 12.8025 |
a. If you have $150, you can get euros.(Do not round intermediate calculations and round youranswer to 2 decimal places, e.g., 32.16. Use the â¬/$ exchange ratein your calculation.)
b. One euro is worth $ . (Donot round intermediate calculations and round your answer to 4decimal places, e.g., 32.1616.)
c. If you have 4,500,000 euros, you have$ . (Do not round intermediate calculations.Enter your answer in dollars, not millions of dollars, e.g.,1,234,567. Use the $/⬠exchange rate in yourcalculation.)
d. You can get Mexican pesos for aeuro. This type of rate is called (Click to select)mixed rateexchangeratecross rateforeign currency . (Do not round intermediatecalculations and round your answer to 4 decimal places, e.g.,32.1616.)
