Suppose we have the following exchange rate quotes:
in US$ | per US$ | |
Euro area (€) | 1.3570 | .7369 |
Mexico (Ps) | .0781 | 12.8057 |
a. If you have $250, you can get euros.
(Do not round intermediate calculations and round your
answer to 2 decimal places, e.g., 32.16. Use the €/$ 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 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 your
calculation.)
d. You can get Mexican pesos for a
euro. This type of rate is called (Click to
select) foreign currency cross
rate exchange rate mixed rate .
(Do not round intermediate calculations and round your
answer to 4 decimal places, e.g., 32.1616.)
I need help with D.
Get Answers For Free
Most questions answered within 1 hours.