Question
Ronaldo de Assis Moreira lives in Porto Alegre, Brazil. During the 2016 Summer Olympics he met Ivan Zamorano from Chile. Over the summer break, Ronaldo
Ronaldo de Assis Moreira lives in Porto Alegre, Brazil. During the 2016 Summer Olympics he met Ivan Zamorano from Chile. Over the summer break, Ronaldo decides to visit Ivan in Santiago de Chile for a couple of weeks. Ronaldos parents give him some spending money, BRL4,500. Ronaldo wants to exchange it for Chilean pesos (CLP). He collects the following rates:
Spot rate on the CLP/USD = CLP673.26 / 1 USD
Spot rate on the USD/BRL = USD0.30737 / 1 BRL
b. How many Chilean pesos will Ronaldo get for his reais?
CHOICES
About 931229.67 BRL
About 931229.67 CLP
About 21.75 CLP
About 21.75 BRL
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All About Options
Authors: Thomas McCafferty
3rd Edition
0071484795, 978-0071484794
