Question
a. If one Australian dollar can buy 0.6 Euros and a US dollar costs 1.6 Australian dollars, how many Euros is needed to buy one
a. If one Australian dollar can buy 0.6 Euros and a US dollar costs 1.6 Australian dollars, how many Euros is needed to buy one US dollar? (2 marks)
b. If a tonne of barley is $AUD200, and a US dollar is worth 1.65 Australian dollars, how many US dollars would an Australian exporter of barley receive for 1000 tonnes of barley sold in the US?
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Modern Equity Investing Strategies
Authors: Anatoly B Schmidt
1st Edition
9811239495, 978-9811239496
