Question
Your US based company plans on buying goods from a British Manufacturer for 60,000 British Pounds (GBP). The payment is to be made in 45
Your US based company plans on buying goods from a British Manufacturer for 60,000 British Pounds (GBP). The payment is to be made in 45 days. If the spot exchange rate on the British Pound is quoted directly at $1.45/1GBP today and the spot rate in 45 days is $1.48/1GBP. How much will your company pay in US dollars in 45 days?
You are planning a trip in which you estimate you will use 20 gallons of gas. If gas costs $2.60 per gallon today, How much will the gas used for this trip cost today?
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Financial Performance
Authors: Marc Bertoneche, Rory Knight
1st Edition
0750640111, 978-0750640114
