2. Below are bank bid and ask rates. Bid rate of $0.018554/Philippine Peso Ask rate of...

 

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2. Below are bank bid and ask rates. Bid rate of $0.018554/Philippine Peso Ask rate of $0.019614/Philippine Peso Bid rate of $0.031160/Taiwan New Dollar Ask rate of $0.033160/Taiwan New Dollar Bid rate of $0.008951/Japanese Yen Ask rate of $0.009251/Japanese Yen You start a trip to the Philippines with $1,500 in cash and convert that amount into Philippine Pesos (PHP). You are able to pay everything by credit card, so you convert your Philippine Pesos back into U.S. dollars Calculate the number of PHP you receive. when you leave. a. b. Calculate the number of dollars you have when you leave. You then travel to Taiwan, and convert all the U.S. dollars you have upon leaving the Philippines into Taiwanese Dollars (TWD). You are once again able to pay everything by credit card, so you convert your Taiwanese Dollars back into U.S. dollars when you leave. c. Calculate the number of TWD you receive. d. Calculate the number of dollars you have when you leave. You then travel to Japan, and convert all the U.S. dollars you have upon leaving Taiwan into Japanese Yen (JPY). You are once again able to pay everything by credit card, so you convert your Japanese Yen back into U.S. dollars when you leave for home. a. Calculate the number of JPY you receive. b. Calculate the number of dollars you have when you leave. 2. Below are bank bid and ask rates. Bid rate of $0.018554/Philippine Peso Ask rate of $0.019614/Philippine Peso Bid rate of $0.031160/Taiwan New Dollar Ask rate of $0.033160/Taiwan New Dollar Bid rate of $0.008951/Japanese Yen Ask rate of $0.009251/Japanese Yen You start a trip to the Philippines with $1,500 in cash and convert that amount into Philippine Pesos (PHP). You are able to pay everything by credit card, so you convert your Philippine Pesos back into U.S. dollars Calculate the number of PHP you receive. when you leave. a. b. Calculate the number of dollars you have when you leave. You then travel to Taiwan, and convert all the U.S. dollars you have upon leaving the Philippines into Taiwanese Dollars (TWD). You are once again able to pay everything by credit card, so you convert your Taiwanese Dollars back into U.S. dollars when you leave. c. Calculate the number of TWD you receive. d. Calculate the number of dollars you have when you leave. You then travel to Japan, and convert all the U.S. dollars you have upon leaving Taiwan into Japanese Yen (JPY). You are once again able to pay everything by credit card, so you convert your Japanese Yen back into U.S. dollars when you leave for home. a. Calculate the number of JPY you receive. b. Calculate the number of dollars you have when you leave.

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Currency Conversions and Remaining USD a Philippine Pesos PHP Use the bid rate as youre exchanging U... View the full answer