Question
Let's test your knowledge of some different currencies. Match these five exchange rates to the right currencies. These exchange rates are as of October 2020
Let's test your knowledge of some different currencies. Match these five exchange rates to the right currencies.
These exchange rates are as of October 2020 (source: Morningstar for Currency). Although we previously expressed the CNY/USD exchange rate in terms of how many dollars can be obtained for one Chinese yuan, this exercise looks at the reverse: how many units of a currency can be purchased for $1. A rate of 2.22, for example, means that $1 could be converted into 2.22 units of the other currency. Formatted in this way, the exchange rate for Chinese yuan would be 6.68and would be written as USD/CNY.
Brazilian Real (BRL)
Swiss Franc (CHF)
Costa Rican Coln (CRC)
Indian Rupee (INR)
Singapore Dollar (SGD)
Item bank:
604.80
73.64
5.59
0.91
1.36
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started