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Question 1 On your post - graduation celebratory trip you decide to travel from Munich, Germany to Moscow, Russia. You leave Munich with 1 5
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On your postgraduation celebratory trip you decide to travel from Munich, Germany to Moscow, Russia. You leave Munich with euros in your wallet. Wanting to exchange all of these for Russian rubles, you obtain the following quotes:
Spot rate on the dollareuro cross rate: $
Spot rate on the rubledollar cross rate:
a What is the Russian rubleeuro cross rate?
b How many rubles will you obtain for your euros?
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