An American business must pay 1,000 euros to a German firm on June 8, 2015. Using the
Question:
An American business must pay 1,000 euros to a German firm on June 8, 2015. Using the information in Table 16-2, how many dollars will be required for this transaction?
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TABLE 16-2 Foreign Exchange Rates (June 8, 2015) Country/Currency Americas Brazil-real Canada dollar Mexico peso Venezuela bolivar Asia-Pacific Australia dollar China yuan Hong Kong dollar India rupee Japan yen New Zealand dollar Pakistan rupee South Korea won Europe Euro area euro Russia ruble Sweden krona Switzerland-franc Turkey-lira UK pound Middle East/Africa Egypt-pound Israel shekel Saudi Arabia riyal South Africa rand U.S.-Dollar Foreign Exchange Rates U.S. $ Equivalent 0.3213 0.8058 0.0640 0.1587 289 0.7701 0.1611 0.1290 0.01564 0.00803 0.7143 0.00981 0.0008938 1.1293 0.01787 0.1205 1.0783 0.3634 1.5350 0.1311 0.2601 0.2666 0.0802 Trading and Currency per U.S. $ 3.1120 1.2410 15.6289 6.3001 1.2985 6.2058 7.7521 63.94680 124.48 1.40 101.90 1118.87 0.8855 55.973 8.2877 0.9274 2.7516 0.6515 7.6301 3.8452 3.7506 12.4747
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Related Book For
Foundations Of Finance
ISBN: 9781292155135
9th Global Edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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