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 $/⬠exchange rate in yourcalculation.)
d. You can get Mexican pesos for aeuro. This type of rate is called (Click to select)mixed rateexchangeratecross rateforeign currency . (Do not round intermediatecalculations and round your answer to 4 decimal places, e.g.,32.1616.)
Suppose we have the following exchange rate quotes:
in US$ | 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.)
Related questions
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