Question
On May 1, 2002, the Russian ruble was trading at Ruble31.2400/$ and the exchange rate for the Hungarian Forint was Forint 268.225/$. What was the
On May 1, 2002, the Russian ruble was trading at Ruble31.2400/$ and the exchange rate for the Hungarian Forint was Forint 268.225/$. What was the implied Ruble/Forint cross rate?
Select one:
a. Ruble8,379.35/Forint
b. Ruble0.1165/Forint
c. Ruble236.985/Forint
d. Ruble8.5859/Forint
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Practical Financial Management
Authors: William R. Lasher
4th Edition
0324260768, 9780324260762
