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Munich to Moscow. For your post - graduation celebratory trip, you decide to travel from Munich, Germany, to Moscow, Russia. You leave Munich with 1
Munich to Moscow. For your postgraduation celebratory trip, you decide to travel from Munich, Germany, to Moscow, Russia. You leave Munich with euros EUR in your wallet. Wanting to exchange all of them for Russian rubles RUB you obtain the following quotes:
Spot rate on the dollareuro cross rate:
USD EUR
Spot rate on the rubledollar cross rate:
RUB USD
a What is the Russian rubleeuro cross rate?
b How many Russian rubles will you obtain for your euros?
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