Exchange Rates. Use Table 22.1 to answer the following questions:

a. How many euros can you buy for $100? How many dollars can you buy for 100 euros?

b. How many Swiss francs can you buy for $100? How many dollars can you buy for 100 Swiss francs?

c. If the British pound depreciates with respect to the dollar, will the exchange rate quoted in Table 22.1 increase or decrease?

d. Someone offers you the choice between a U.S. and a Canadian dollar. Which do you choose?

TABLE 22.1 Exchange rates in February 2014

Country	Currency	Exchange Rate
Europe
Eurozone countries	Euro (EUR or €)	1.376*
Sweden	Krona (SEK)	6.485
Switzerland	Franc (CHF)	0.888
United Kingdom	Pound (GBP or £)	1.668*
Americas
Brazil	Real (BRL)	2.396
Canada	Dollar (CAD)	1.095
Mexico	New peso (MXN)	13.231
Asia/Africa
Australia	Dollar (AUD)	1.107
China	Yuan (CNY)	6.067
China (Hong Kong)	Dollar (HKD)	7.755
India	Rupee (INR)	62.180
Japan	Yen (JPY or¥)	102.340
South Africa	Rand (ZAR)	10.872
South Korea	Won (KRW)	1,065.500

* Direct quotes (number of U.S. dollars per unit of foreign currency). Other quotes are indirect (units of foreign currency per U.S. dollar).

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