Question
Suppose a bank customer with 1,000,000 wishes to trade out of euro and into Japanese yen. The dollar-euro exchange rate is quoted as $1.60 =
Suppose a bank customer with 1,000,000 wishes to trade out of euro and into Japanese yen. The dollar-euro exchange rate is quoted as $1.60 = 1.00 and the dollar-yen exchange rate is quoted at $1.00 = 120. How many yen will the customer get?
| 5,208.33 | ||
| 192,000,000 | ||
| 5,208,333 | ||
| 75,000,000 |
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Inclusive And Sustainable Finance Leadership Ethics And Culture
Authors: Atul K. Shah
1st Edition
0367759403, 978-0367759407
