Question
Suppose we have the following exchange rate quotes: in US$ per US$ Euro area () 1.3554 .7378 Mexico (Ps) .0781 12.8065 a. If you have
Suppose we have the following exchange rate quotes:
in US$ per US$
Euro area () 1.3554 .7378
Mexico (Ps) .0781 12.8065
a. If you have $275, you can get euros. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use the /$ exchange rate in your calculation.) b. One euro is worth $ . (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) c. If you have 7,000,000 euros, you have $ . (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Use the $/ exchange rate in your calculation.) d. You can get ______ Mexican pesos for a euro. This type of rate is called (Click to select) ___ foreign currency ____mixed rate ____cross rate _____exchange rate . (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)
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