If the U.S. dollar-British pound exchange rate is $1.35 per pound, and the U.S. dollar-euro rate...

 

Transcribed Image Text:

If the U.S. dollar-British pound exchange rate is $1.35 per pound, and the U.S. dollar-euro rate is $0.80 per euro: Instructions: Enter your response rounded to the nearest two decimal places. a. What is the pound-per-euro rate? £ 1.08 per € b. If the pound per euro rate were above this rate, you could profit by converting dollars to euros euros to pounds , and then pounds to dollars. If the pound per euro rate were below this rate, you could make a profit by converting dollars to pounds pounds to euros , and then euros to dollars If the U.S. dollar-British pound exchange rate is $1.35 per pound, and the U.S. dollar-euro rate is $0.80 per euro: Instructions: Enter your response rounded to the nearest two decimal places. a. What is the pound-per-euro rate? £ 1.08 per € b. If the pound per euro rate were above this rate, you could profit by converting dollars to euros euros to pounds , and then pounds to dollars. If the pound per euro rate were below this rate, you could make a profit by converting dollars to pounds pounds to euros , and then euros to dollars

Answer rating: 100% (QA)

QUESTION 1a The poundpereuro rate is 108 pounds per euro This means that for every euro yo... View the full answer