Question

 Isaac​ Díez Peris lives in Rio de​ Janeiro, Brazil. While attending school in​ Spain, he meets Juan Carlos Cordero from Guatemala. Over the summer​ holiday, Isaac decides to visit Juan Carlos in Guatemala City for a couple of weeks.​ Isaac's parents give him some spending​ money, 4,500 Brazilian real​ (BRL). Isaac wants to exchange his Brazilian real for Guatemalan quetzals​ (GTQ). He collects the following​ rates: Spot rate on the​ GTQ/EUR: GTQ 10.24 ​= EUR 1.00 Spot rate on the​ EUR/BRL: EUR 0.5221 ​= BRL 1.00

Questions---------------------

a. What is the Guatemalan​ quetzal/Brazilian real cross​ rate? -

The cross rate between the Guatemalan quetzal and the Brazilian real is............. ​(Round to four decimal​ places.)

b. How many Guatemalan quetzals will Isaac get for his Brazilian​ reais?

He will get...............quetzals for his reais.  ​(Round to the nearest​ integer.)

Answer 1

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