5. Problem 19.05 (Exchange Rates) eBook The table lists foreign exchange rates for August 25, 2017. On that day, how many dollars would be required to purchase 1,400 units of each of the following: British pounds, Canadian dollars, EMU euros, Japanese yen, Mexican pesos, and Swedish kronas? Use the direct quotation for your calculations. Round your answers to the nearest cent. Sample Exchange Rates: Friday, August 25, 2017 Direct Quotation: U.S. Dollars Required to Buy One Unit of Foreign Currency (1) Indirect Quotation: Number of Units of Foreign Currency per U.S. Dollar (2) Australian dollar $0.7930 1.2610 Brazilian real 0.3160 3.1590 British pound 1.2881 0.7763 Canadian dollar 0.8011 1.2483 0.1504 6.6482 Chinese yuan Danish Krone 0.1603 EMU euro 1.1924 6.2392 0.8387 255.10 Hungarian forint 0.00392003 Israeli shekel 0.2791 3.5834 Japanese yen 0.00914 109.36 Mexican peso 0.0568 17.6164 South African rand 0.0768 13.0178 0.1255 7.9651 Swedish Krona Swiss franc 1.0454 0.9566 Venezuelan bolivar fuerte 0.10014972 9.9851 Note: Column 2 equals 1.0 divided by Column 1. However, rounding differences do Note: Column 2 equals 1.0 divided by Column 1. However, rounding differences do occur. Source: Adapted from The Wall Street Journal (online.wsj.com), August 28, 2017. 1,400 British pounds = $ 1,400 Canadian dollars = = $ $ 1,400 EMU euros 1,400 Japanese yen 1,400 Mexican pesos = S 1,400 Swedish kronas $ 5. Problem 19.05 (Exchange Rates) eBook The table lists foreign exchange rates for August 25, 2017. On that day, how many dollars would be required to purchase 1,400 units of each of the following: British pounds, Canadian dollars, EMU euros, Japanese yen, Mexican pesos, and Swedish kronas? Use the direct quotation for your calculations. Round your answers to the nearest cent. Sample Exchange Rates: Friday, August 25, 2017 Direct Quotation: U.S. Dollars Required to Buy One Unit of Foreign Currency (1) Indirect Quotation: Number of Units of Foreign Currency per U.S. Dollar (2) Australian dollar $0.7930 1.2610 Brazilian real 0.3160 3.1590 British pound 1.2881 0.7763 Canadian dollar 0.8011 1.2483 0.1504 6.6482 Chinese yuan Danish Krone 0.1603 EMU euro 1.1924 6.2392 0.8387 255.10 Hungarian forint 0.00392003 Israeli shekel 0.2791 3.5834 Japanese yen 0.00914 109.36 Mexican peso 0.0568 17.6164 South African rand 0.0768 13.0178 0.1255 7.9651 Swedish Krona Swiss franc 1.0454 0.9566 Venezuelan bolivar fuerte 0.10014972 9.9851 Note: Column 2 equals 1.0 divided by Column 1. However, rounding differences do Note: Column 2 equals 1.0 divided by Column 1. However, rounding differences do occur. Source: Adapted from The Wall Street Journal (online.wsj.com), August 28, 2017. 1,400 British pounds = $ 1,400 Canadian dollars = = $ $ 1,400 EMU euros 1,400 Japanese yen 1,400 Mexican pesos = S 1,400 Swedish kronas $