Use the information below to answer the following questions. (Enter your answer

Question

Use the information below to answer the following questions. (Enter your answer as directed, but do not round intermediate calculations.)

U.S. $ EQUIVALENT

CURRENCY PER U.S. $

  Polish Zloty

.2988            

3.3466            

  Euro

1.2364            

.8088            

  Mexican Peso

.0752          

13.2992              

  Swiss Franc

1.0288          

.9720              

  Chilean Peso

.002071            

482.80              

  New Zealand Dollar

.8084          

1.2370              

  Singapore Dollar

.8008            

1.2488            

Requirement 1:

If you have $260, how many Polish zlotys can you get? (Do not include the Polish zlotys sign (Z). Round your answer to 2 decimal places (e.g., 32.16).)

  Amount

Z

Requirement 2:

How much is one euro worth in U.S. dollars? (Round your answer to 4 decimal places (e.g., 32.1616).)

  Worth of one euro

$

Requirement 3:

If you have 4.70 million euros, how many dollars do you have? (Enter your answer in dollars, not millions of dollars (e.g., 1,234,567). Round your answer to the nearest whole dollar amount (e.g., 1,234,567).)

  Amount

$

Requirement 4:

Which is worth more, a New Zealand dollar or a Singapore dollar?

(Click to select)Singapore dollarNew Zealand dollar

Requirement 5:

Which is worth more, a Mexican peso or a Chilean peso?

(Click to select)Mexican pesoChilean peso

Requirement 6:

(a)

How many Swiss francs can you get for a euro? (Round your answer to 4 decimal places. (e.g., 32.1616).)

  Amount

SF/€

(b)

What do you call this rate?

(Click to select)Forward rateCross rateSpot rate

Use the information below to answer the following questions. (Enter your answer as directed, but do not round intermediate calculations.)

Explanation / Answer

U.S. $ EQUIVALENT CURRENCY PER U.S. $   Polish Zloty .2988             3.3466               Euro 1.2364             .8088               Mexican Peso .0752           13.2992                 Swiss Franc 1.0288           .9720                 Chilean Peso .002071             482.80                 New Zealand Dollar .8084           1.2370                 Singapore Dollar .8008             1.2488 1 I have $260 1 $= 3.3466 polish Z Amount Currency So $260 = 870.12 Polish Z Amount Currency 2 1 Euro = 1.2364 US $ 3 I have euro =                    4,700,000 1 euro= $1.2364 So 4.7 million euro= $                5,811,080 $ equivalent 4   New Zealand Dollar .8084             Singapore Dollar .8008             New Zealand dollar is worth more as it is equivalent to more USD. 5 $ equivalent   Mexican Peso .0752             Chilean Peso .002071             Mexican peso is worth more as it is equivalent to more USD than Chilean peso. 6 1 $= .8088 Euro        1$ = .9720   Swiss Franc            So 0.8088 Euro = 0.9720 Swiss Franc 1 Euro = 1.20 swiss franc So I can get 1.20 swiss franc for 1 Euro 7 We call this rate Spot Rate

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