SummerAbroad: Moscow to Mumbai. After spending a week inMoscow, you get an email from your friend in
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Question:
SummerAbroad: Moscow to Mumbai.After spending a week inMoscow, 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 thetrip, you want to exchange your Russian rubles for Indian rupee at the Moscowairport:
Spot rate(Rubles/$ or RBL= 1.00USD) | Rbl 64.85/$ |
Spot rate(Rupee perdollar, INR= 1.00USD) | INR 67.67/$ |
a. What is the Russian ruble to rupee crossrate?
b.How many Indian rupee will you obtain for yourrubles?
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