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Q3. A) Today you notice the following exchange rate quotations: (15 marks) (a) $1 = 3.00 Argentine pesos and (b) 1 Argentine peso = .50
Q3. A) Today you notice the following exchange rate quotations: (15 marks) (a) $1 = 3.00 Argentine pesos and (b) 1 Argentine peso = .50 Canadian dollars. You need to purchase 100,000 Canadian dollars with U.S. dollars. How many U.S. dollars will you need for your purchase? B) Assume Poland's currency (the zloty) is worth $.17 and the Japanese yen is worth $.008. What is the cross rate of the zloty with respect to yen? That is, how many yen equal a zloty? C) If most countries in Asia experience a recession, how might the State Bank of Pakistan use direct intervention to stimulate economic growth
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