Ganado Corporation recently received a payment for one of the consignments it exported to Europe, It has 2,000 Euros ( or EUR) with it. Wanting to exchange all of these for Russian rubles (R or RUB) since it will be importing a new machine from a merchant in Russia, it obtains the following quotes: Spot rate USD=1.00 EUR (or $/) Spot rate RUB=1.00 USD (or R/S) 1.1280 62.40 a. What is the Russian ruble to euro crossrate? b. How many Russian rubles will you obtain for your Euros?

Ganado Corporation recently received a payment for one of the consignments it exported to Europe, It has 2,000 Euros ( or EUR) with it. Wanting to exchange all of these for Russian rubles(R or RUB) since it will be importing a new machine from a merchant in Russia, it obtains the following quotes: Spot rate USD=1.00 EUR (or $/ ) 1.1280 Spot rate RUB=1.00 USD (or R/$ ) 62.40 a. What is the Russian ruble to euro crossrate? b. How many Russian rubles will you obtain for your Euros? TASK\# 2 10 Marks Ganado Corporation recently received a payment for one of the consignments it exported to Europe, It has 2,000 Euros ( or EUR) with it. Wanting to exchange all of these for Russian rubles(R or RUB) since it will be importing a new machine from a merchant in Fyissia, it obtains the following quotes: Spot rate USD =1.00 EUR (or $/) 1.1280 Spot rate RUB=1.00 USD (or R/$ ) 62.40 a. What is the Russian ruble to euro crossrate? b. How many Russian rubles will you obtain for your Euros