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Rupee is not given per the textbook question. How else can you solve it? 5.6 Moscow to Mumbai. After spending a week in Moscow you
Rupee is not given per the textbook question.
How else can you solve it?
5.6 Moscow to Mumbai. After spending a week in Moscow you get an email from your friend in India. He can get you a really good deal on a plane ticket and wants you to meet him in Mumbai next week to continue your global studies. You have 450,000 rubles left in your money pouch. In preparation for the trip you want to exchange your Russian rubles for Indian rupee at the Moscow airport: Spot rate USD = 1.00 EUR (or $/) 1.1280 Spot rate RUB = 1.00 USD (or R/$) 62.40 a. What is the Russian ruble to rupee cross rate? b. How many Indian rupee will you obtain for your rubles? 5.6 Moscow to Mumbai. After spending a week in Moscow you get an email from your friend in India. He can get you a really good deal on a plane ticket and wants you to meet him in Mumbai next week to continue your global studies. You have 450,000 rubles left in your money pouch. In preparation for the trip you want to exchange your Russian rubles for Indian rupee at the Moscow airport: Spot rate USD = 1.00 EUR (or $/) 1.1280 Spot rate RUB = 1.00 USD (or R/$) 62.40 a. What is the Russian ruble to rupee cross rate? b. How many Indian rupee will you obtain for your rubles Step by Step Solution
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