Question
Suppose the exchange rate between the U.S. dollar and the South African rand was 12 rand = $1 and the exchange rate between the U.S.
Suppose the exchange rate between the U.S. dollar and the South African rand was 12 rand = $1 and the exchange rate between the U.S. dollar and the Israeli shekel was 1 shekel = $0.7. What was the exchange rate between the South African rand and the Israeli shekel? Round your answer to 2 decimal places. Do not round intermediate calculations.
___________ rands per shekel
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International Financial Management
Authors: Jeff Madura
2nd Edition
0314430296, 978-0314430298
