Question: 1. Foreign exchange and commodity prices. While traveling in the following countries, you see twenty-ounce plastic bottles of Coca-Cola. You know the price in the
1. Foreign exchange and commodity prices. While traveling in the following countries, you see twenty-ounce plastic bottles of Coca-Cola. You know the price in the United States for a Coke is $0.95, but the countries have the following prices: Canada: C$1.41 Japan: *142 England: 0.53 European Union: 0.87 What is the implied exchange rate for U.S. dollars and these four currencies? What is the implied direct, or American, exchange rate between the U.S. dollar ($) and Canadian dollar (C$)? per C$ (Round to four decimal places.) What is the implied indirect, or European, exchange rate between the Canadian dollar (C$) and U.S. dollar ($)? c$ per $ (Round to four decimal places.) What is the implied direct, or American, exchange rate between the U.S. dollar ($) and Japanese yen ()? pery (Round to four decimal places.) What is the implied indirect, or European, exchange rate between the Japanese yen (V) and U.S. dollar ($)? per $ (Round to four decimal places.) What is the implied direct, or American, exchange rate between the U.S. dollar ($) and British pound sterling ()? per (Round to four decimal places.) What is the implied indirect, or European, exchange rate between the British pound sterling () and U.S. dollar ($)? per $ (Round to four decimal places.) What is the implied direct, or American, exchange rate between the U.S. dollar (S) and euro (E)? per (Round to four decimal places.) What is the implied indirect, or European, exchange rate between the euro () and U.S. dollar ($)? per $ (Round to four decimal places.)
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