Question
On your summer study abroad program in Europe you stay an extra two weeks to travel from Paris to Moscow. You leave Paris with 2,000
On your summer study abroad program in Europe you stay an extra two weeks to travel from Paris to Moscow. You leave Paris with 2,000 euros in your belt pack. Wanting to exchange all of these for Russian rubles, you obtain the following quotes:
Spot rate rubles per dollar (or RUB/USD) 1.1280
Spot rate Rupee per dollar (or INR = 1.00 USD) 62.40
What is the Russian ruble to euro cross rate?
How many Russian rubles will you obtain for your euros?
This is all the information I was given.
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Health Care Finance And The Mechanics Of Insurance And Reimbursement
Authors: Michael K. Harrington
2nd Edition
1284169030, 978-1284169034
