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Paris to Moscow. On your summer study abroad program in Europe you stay an extra two weeks to travel from Paris to Moscow. You leave

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Paris to Moscow. On your summer study abroad program in Europe you stay an extra two weeks to travel from Paris to Moscow. You leave Paris with 3,000 euros ( or EUR) in your belt pack. Wanting to exchange all of these for Russian rubles (R or RUB), you obtain the following quotes: Spot rate USD =1.00 EUR (or $/E) Spot rate RUB =1.00 USD (or R/\$) 61.66 a. What is the Russian ruble to euro cross rate? b. How many Russian rubles will you obtain for your euros? a. The Russian ruble to euro cross rate is R 1. (Round to four decimal places.)

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