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The following exchange rates are quoted for Poland zloty (PLN), U.S. Dollar (USD), and Japan yen (JPY). Citibank PLN 1 USD 0.17 Dresdner Bank

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The following exchange rates are quoted for Poland zloty (PLN), U.S. Dollar (USD), and Japan yen (JPY). Citibank PLN 1 USD 0.17 Dresdner Bank JPY 1 = USD 0.008 1) Calculate the price of the JPY in terms of PLN. 2) Calculate the price of the PLN in terms of JPY. Selected Answer: USD.17/PLN1USD.17/JPY.008 .17*.008+.001360000 Correct Answer: Response Feedback:

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