Question
On your post-graduation celebratory trip you decide to travel from Munich, Germany to Moscow, Russia. You leave Munich with 15,000 euros in your wallet. Wanting
On your post-graduation celebratory trip you decide to travel from Munich, Germany to Moscow, Russia. You leave Munich with 15,000 euros in your wallet. Wanting to exchange all of these for Russian rubles, you obtain the following quotes: Spot rate on the euro/ dollar cross rate 0.7568/$ Spot rate on the dollar/Ruble cross rate $0.0323/Rbl a. What is the Russian ruble/euro cross rate? b. How many rubles will you obtain for your euros?
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Behavioral Finance
Authors: Edwin Burton, Sunit N. Shah
1st Edition
111830019X, 978-1118300190
