Suppose we have the following exchange rate quotes: a. If you have $200, you can

Question

Suppose we have the following exchange rate quotes: a. If you have $200, you can get euros. (Do not round intermediate calculations and round your answer to 2 decimal places (g., 32.16). Use the exchange rate in your calculation.) b. One euro is worth $ []. (Do not round intermediate calculations and round your answer to 4 decimal places (e.g., 32.1616).) C. If you have 5,500,000 euros. you have (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars (e.g., 1.234.567). Use the exchange rate in your calculation.) d. You can get [] Mexican pesos for a euro. This type of rate is called (Click to select). (Do not round intermediate calculations and round your answer to 4 decimal places. (e.g., 32.1616).)

Explanation / Answer

1. 0.7351*200=147.02

2. 1.3604

3.1.3604*5500000=7482200

4.cross rate =1.3604*12.8041=17.4186

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