Question
Related to Checkpoint 19.1) (Converting currencies) The data for the following problem is given in the popup window:An American business needs to pay (a) $15,000
Related to Checkpoint 19.1) (Converting currencies) The data for the following problem is given in the popup window:An American business needs to pay (a)
$15,000 Canadian dollars, (b) 1.5 million yen, and (c) $55,000 Swiss francs to businesses abroad. What are the dollar payments to the respective countries?
a.The dollar payment to Canada is $______ . (Round to the nearest dollar.)
Data Table
Selling Quotes for Foreign Currencies in New York |
| |||||||||||||
CountrydashCurrency | Contract | $/Foreign Currency | ||||||||||||
Canadadashdollar | Spot | 0.8532 | ||||||||||||
30-day | 0.8503 | |||||||||||||
90-day | 0.8483 | |||||||||||||
Japandashyen | Spot | 0.004771 | ||||||||||||
30-day | 0.004811 | |||||||||||||
90-day | 0.004878 | |||||||||||||
Switzerlanddashfranc | Spot | 0.5083 | ||||||||||||
30-day | 0.51222 | |||||||||||||
90-day | 0.5278 |
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