Question
Currency Bid Rate Offer Rate Bid Rate Offer Rate EUR/USD 1.231 1.2313 GBP/USD 1.7945 1.7949 USD/JPY 110.73 110.83 USD/CHF 1.281 1.2815 USD/CAD 1.1514 1.1517 USD/BRL
| Currency Bid Rate Offer Rate | Bid Rate | Offer Rate | |
| EUR/USD | 1.231 | 1.2313 | |
| GBP/USD | 1.7945 | 1.7949 | |
| USD/JPY | 110.73 | 110.83 | |
| USD/CHF | 1.281 | 1.2815 | |
| USD/CAD | 1.1514 | 1.1517 | |
| USD/BRL | 2.178 | 2.2345 | |
You have Brazilian Real and you want to buy CAD. How much BRL you pay per CAD? [Hint: This requires a cross-rate calculation]
multiple choices are
| 1.8911 | ||
| 1.9407 | ||
| 1.8916 | ||
| 1.9401
Please show your calculations |
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The New Finance Overreaction Complexity And Their Consequences
Authors: Robert A. Haugen
4th International Edition
0132775875, 9780132775878
