Question
Quantitative Problem 1: Suppose that 1 Swedish krona could be purchased in the foreign exchange market today for $0.10. If the krona appreciated 7% tomorrow
Quantitative Problem 1: Suppose that 1 Swedish krona could be purchased in the foreign exchange market today for $0.10. If the krona appreciated 7% tomorrow against the dollar, how many kronas would a dollar buy tomorrow? Do not round intermediate calculations. Round your answer to two decimal places.
_____ kronas
Quantitative Problem 2: Suppose the exchange rate between the U.S. dollar and the South African rand was 14 rand = $1 and the exchange rate between the U.S. dollar and the Israeli shekel was 1 shekel = $0.29. What was the exchange rate between the South African rand and the Israeli shekel? Do not round intermediate calculations. Round your answer to two decimal places.
_____rands per shekel
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