C ngcengage.com/static/nb u index.html? bld-593291&nbNodeld-21627094; 78e1SBN-97
ID: 2800936 • Letter: C
Question
C ngcengage.com/static/nb u index.html? bld-593291&nbNodeld-21627094; 78e1SBN-978 13056359 MINDTAP Assignment 17-Multinational Financial Management Due on Dec 1 1 at 11PM EST An exchange rate is the price of one country's currency expressed in another country's currency. The exchange rates of the euro (C) and the Japanese yen (x) relative to the U.S. dollar ($) are listed as follows: Spot Rate Euro 0.7957/$1 Yen ¥99.4400/$1 When exchange rates are stated in the foreign exchange rate represents the number of American dollars that can be purchased with one unit of domestic currency terms Given the exchange rate data above, how many yen (x) can one euro (C 1) purchase? ¥ 124.97 ¥ 143.72 ¥ 99.98 ¥ 149.96 The foreign currency price of one unit of the home currency is called quotation Type here to searchExplanation / Answer
1) Direct or dollar terms (This is direct quotation for US market)..Please let me know options (if available).
2)99.44/.7957= 124.97 yen can be purchased per euro
3) indirect. for example- 1$= 0.7957 euro is indirect quotation for US market.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.