Question
You are given the following quotation. Buying Selling USD/CAN 1.0010 1.0050 CAN/MYR 2.9960 2.9995 GBP/BND 2.2420 2.3655 MYR/BND 0.3450 0.3650 USD/SGD 1.2030 1.2060 Compute the
You are given the following quotation.
|
| Buying | Selling |
| USD/CAN | 1.0010 | 1.0050 |
| CAN/MYR | 2.9960 | 2.9995 |
| GBP/BND | 2.2420 | 2.3655 |
| MYR/BND | 0.3450 | 0.3650 |
| USD/SGD | 1.2030 | 1.2060 |
Compute the following.
i. Cross-rate for buying and selling between USD/MYR.
(3 marks)
ii. Cross-rate for buying and selling between GBP/MYR.
(3 marks)
iii. Cross-rate for buying and selling between CAN/SGD.
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Foundations In Personal Finance
Authors: Dave Ramsey
College Edition
1936948001, 978-1936948000
