Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1 - using the world bank index, how many USD bought the same amount of Ngultrums as 1078500 yen? a) 5900 b) 15900 c) 59000
1 - using the world bank index, how many USD bought the same amount of Ngultrums as 1078500 yen?
a) 5900
b) 15900
c) 59000
d) 95000
e) None
2 - A company exchanges USD 220000 into Ngultrums at today's maximum rate to pay a debt of 10 million Ngultrums. Approximately how many Ngultrums are left, or are still owed, after this transaction?
a) Still owed 65000
b) Still owed 6500
c) Zero
d) Left 6500
e) Left 65000
3- A trader buys ngultrums with 15000 GBP at today's maximum rate. What is the maximum amount of yen a trader could buy with these Ngultrums on this trading day?
a) 2795000
b) 2800000
c) 2805000
d) 2810000
e) none
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started