Question
Suppose a Thai baht is selling for $0.3402 and a Panamanian balboa is selling for $1.4953. What is the exchange rate (cross rate) of the
Suppose a Thai baht is selling for $0.3402 and a Panamanian balboa is selling for $1.4953.
What is the exchange rate (cross rate) of the Thai baht to the Panamanian balboa? That is, how many Thai baht are equal to the Panamanian balboa? (Do not round intermediate calculations. Round the final answer to 4 decimal places.)
Exchange rate baht
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Financial Markets And Institutions
Authors: Jeff Madura
8th Edition
0324568215, 978-0324568219
