Question
Calculating Exchange Rates 4. The following is a list of currency exchange rates for selected countries: Country U.S. $ Equivalent Britain (pound) 1.5356 Mexico (peso)
Calculating Exchange Rates 4. The following is a list of currency exchange rates for selected countries: Country U.S. $ Equivalent Britain (pound) 1.5356 Mexico (peso) 0.0654 Canada (dollar) .8026 Japan (yen) 0.0081 Euro 1.0906 a. How many dollars would it take to buy one euro? b. Calculate the amount of each of the following currencies you could have bought with $100,000 U.S. dollars. 1. Japan (yen) 2. Britain (pound) 3. Canada (dollar) 4. Mexico (peso) Cross Rates 21-5. Using the data from problem 21-4, find the cross rates for each of the following: a. Yen per peso b. Pesos per pound c. Euros per Canadian dollars d. Yen per Canadian dollar
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