17.) Suppose a U.S. importer purchases an Italian product today but will not pay for it for 90 days. The cost of the product today is 85,000 euros. The spot exchange rate today is .7559 euros per dollar. How much is the cost today in dollars?

a. $64,252

b. $112,449

c. $117,331

d. $56,153

18.) Suppose the current exchange rates are 1.3215 dollars per euro, and 84.19 yen per dollar. What is the current exchange rate between yen and euros?

Select one:

a. 111.257 yen per euro

b. 86.356 yen per euro

c. 147.571 yen per euro

d. 151.696 yen per euro