Exchange Rates. Complete the following steps at http://www.x-rates.com, record your findings for each step, and submit them to your instructor:

(a) Use the

“Currency Calculator” to convert US$200 into three other currencies of your choosing;

(b) go to the

“Currency Photos” link and examine the euro and identify the denominations that the euro is available in; (c)

under “Custom Table,” convert one U.S. dollar into all other currencies, and then identify the currency that has the best exchange rate (buys the most of another currency) and the worst exchange rate (buys the least of another currency).

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