Use Figure 21.1 to answer the following questions: a. If you have $100, you can

Question

Use Figure 21.1 to answer the following questions: a. If you have $100, you can get euros. (Round your answer to 2 decimal places. (e.g., 32.16) b. One euro is worth $ C. If you have 5 million euros, you have $ Round your answer to 4 decimal places. (e.g., 32.1616) (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.) d. The Singapore dollar is worth more e. The Mexican peso is worth more .You can get than the New Zealand dollar than the Chilean peso. Mexican pesos for a euro. This type of rate is called (Click to select) (Round your answer to 4 decimal places. (e.g., 32.1616)) g. Which currency is the most valuable and which is the least valuable? (Round your most valuable to 4 decimal places and least valuable to 6 decimal places.) Most valuable: (Click to select)4- Least valuable: (Click to select

Explanation / Answer

a) 73.48 euros

b)1.3609 dollar

c) 1.3609*500000= 680450

d) 1 singapore dollar=0.7783 dollar

1 new zealand dollar= 0.7722 dollar

therefore SPD is more than NZD by = 0.7783-0.7722=.0061 dollar

e) 1 mexican peso= 0.0819 dollar

1 chilean peso =0.002064 dollar

therefore MP is more than CP by=0.0819-0.002064=0.079836 dollar

f) 1 dollar = 12.2055 mexican peso

1 dollar= 0.7348 euor

therefore 1 euro = 12.2055/0.7348 MXP=16.6106 MXP

g) we will compare values of currency per unit of dollar.

most valuable : 1 kuwait dinar=3.5742 dollar

least valuable: 1 indonesian rupiah=0.0001108 dollar=0.000111 dollar approx

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