need help asap Question 8 2 pts ABC,Inc. engages in international trade with Tha

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need help asap

Question 8 2 pts ABC,Inc. engages in international trade with Thailand whose currency is the Thai bhat (thb). Over the next quarter, ABC expects to receive inflows of THB 12 million and outflows of THB 18 million. The range of possible exchange rates at the end of the quarter are $o.02 to $0.04. Calculate the average net inflow or outflow in U.S. dollars. (Hint: The average inflow or outflow is the midpoint of the range of possible values. Time Runnin Attempt due M 33 Minutes O A net outflow of $120,000 O A net outflow of $180,000 O A net inflow of $180,000 A net inflow of $240,000

Explanation / Answer

Average exchange rate = (0.02+0.04)/2 = $0.03 Net outflow = (18000000-12000000)*0.03= $180000 Option 2 is correct

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