Question

# Suppose we have the following exchange rate quotes:    in US\$ per US\$ Euro area (€)...

Suppose we have the following exchange rate quotes:

 in US\$ per US\$ Euro area (€) 1.3604 .7351 Mexico (Ps) .0781 12.8041

a. If you have \$200, you can get euros. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use the €/\$ exchange rate in your calculation.)

b. One euro is worth \$ . (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)

c. If you have 5,500,000 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 your calculation.)

d. You can get Mexican pesos for a euro. This type of rate is called (Click to select)foreign currencyexchange ratemixed ratecross rate . (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)

 in US\$ per US\$ Euro area (€) 1.3604 0.7351 Mexico (Ps) 0.0781 12.8041 a If you have \$ 200 you can get euros (200*0.7351) 147.02 Euros b One Euro is worth \$ 1.3604 c If you have 5500000 euros you have \$ (5500000*1.3604) 7482200 dollars d You can get Mexican pesos for a euro. This type of rate is called cross rate foreign currency exchange rate

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