By using above listed quotes, quote BRL/JPY cross rate. Multiple choices are : B
ID: 2735882 • Letter: B
Question
By using above listed quotes, quote BRL/JPY cross rate. Multiple choices are :
BRL/JPY 49.55-50.89
BRL/JPY 72.33-74.13
BRL/JPY 93.12-94.39
None of the above
2)You have CAD and you buy USD. How much CAD do you pay per USD? (multiple choices are
1.1514
1.1517
0.8685
0.8683
You have USD and you buy JPY. How much JPY you receive for each USD? (multiple choices are :
110.73
110.83
0.0090
0.0091
Please show all of your calculations for each question
Currency Bid Rate Offer Rate Bid Rate Offer Rate EUR/USD 1.231 1.2313 GBP/USD 1.7945 1.7949 USD/JPY 110.73 110.83 USD/CHF 1.281 1.2815 USD/CAD 1.1514 1.1517 USD/BRL 2.178 2.2345Explanation / Answer
Solution for question 1
USD/JPY bid rate = 110.73
USD/JPY Buy rate = 110.83
USD/BRL bid rate = 2.178
USD/BRL buy rate = 2.2345
BRL/JPY cross rate bid rate is calculated below:
BRL/JPY bid rate = USD/JPY bid rate / USD/BRL buy rate
= 110.73 / 2.2345
= 49.55
BRL/JPY bid rate is 49.55.
Again
BRL/JPY cross rate buy rate is calculated below:
BRL/JPY buy rate = USD/JPY buy rate / USD/JPY bid rate
= 110.83 / 2.178
= 50.89
BRL/JPY buy rate is 50.89.
BRL/JPY exchange arte is 49.55 to 50.89.
Hence, Option (A) is correct answer.
Solution for question 2
USD/CAD offer rate = 1.1517
Number of CAD required to buy one dollar is the offer rate that is 1.1517.
Hence, Option (B) is correct answer.
Solution for question 3
USD/JPY bid rate = 110.83
For one dollar buy rate of JPY is 110.73. So, JPY you receive for each USD is 110.73 JPY.
Hence, Option (A) is correct answer.
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