Question
Moscow to Mumbai. After spending a week in Moscow you get an email from your friend in India. He can get you a really good
Moscow to Mumbai. After spending a week in Moscow you get an email from your friend in India. He can get you a really good deal on a plane ticket and wants you to meet him in Mumbai next week to continue your global studies. You have
50,000
rubles left in your money pouch. In preparation for the trip you want to exchange your Russian rubles (or RBL) for Indian rupee (or INR) at the Moscow airport:
Spot rate
(RBL=1.00
USD) 63.23
Spot rate
(INR=1.00
USD) 66.54
a. What is the Russian ruble to rupee cross rate?
b. How many Indian rupee will you obtain for your rubles?
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Developments In Entrepreneurial Finance And Technology
Authors: David B. Audretsch, Maksim Belitski, Nada Rejeb, Rosa Caiazza
1st Edition
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