Use the information below to answer the questions that follow. 1 a. Which would
ID: 2795820 • Letter: U
Question
Use the information below to answer the questions that follow.
1
a. Which would you rather have, $100 or £100?
(Click to select)100 Pounds100 Dollars
b. Which would you rather have, $100 Canadian or £100?
(Click to select)100 Pounds100 Canadian Dollars
c. What is the cross-rate for Canadian dollars in terms of British pounds? (Do not include the Canadian dollar sign (C$). Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)
Cross-rate C$ / £
What is the cross-rate for British pounds in terms of Canadian dollars? (Do not include the pound sign (£). Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)
Cross-rate £ / C$
2
Suppose the current exchange rate for the Russian ruble is RUB 37.74. The expected exchange rate in three years is RUB 34.54.
What is the difference in the annual inflation rates for the United States and Russia over this period? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Difference in the annual inflation rate %
Explanation / Answer
Ans. We have $100 that is equal to Pound 64.34
b. We have $100 that is euqal to C$97.55
c. Calculation of cross rate of canadian dollar in terms of british pound
1$ = C$.9755
1$ =.6434 pound
1C$ =.6596 Pound (.6434/.9755)
D. Calculation of Cross rate British Rate in terms of C$
1$= .6434 pound
1$=C$.9755
1Pound = C$1.5162 (.9755/.6434)
2. Current rate for the Russian ruble is RUB 37.74 and Expected rate in three year is RuB 34.54
Current Exchange 1$= RUB37.74 (.02650$ of per RUB)
Expected rate in three years 1$=RUB34.54 (.028954 Of per RUB)
Annual inflation rate = 9.26/3X12 = 37.04%
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