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1 Question 4: 4 marks 2 After spending a week in Moscow you get an email from your friend in India. He can get 3

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1 Question 4: 4 marks 2 After spending a week in Moscow you get an email from your friend in India. He can get 3 you a really good deal on a plane ticket and wants you to meet him in Mumbai next 4 week to continue your global studies. You have 450,000 rubles left in your money 5 pouch. In preparation for the trip you want to exchange your Russian rubles for Indian 6 rupee at the Moscow airport: 7 8 Assumptions Values 9 Beginning your trip with rubles 450,000.00 10 Spot rate (Rubles/ or RBL = 1.00 USD) 64.60 11 Spot rate (Rupee per dollar, INR = 1.00 USD) 66.80 12 13 a. What is the Russian ruble to Indian rupee cross rate? (2 marks) 14 b. How many Indian rupee will you obtain for your rubles? (2 marks)

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