Financial Markets 1. a a. Fill in the blanks based on direct and indirect quotes Currency USD
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Question:
Financial Markets
1. a
a. Fill in the blanks based on direct and indirect quotes | ||||
Currency | USD equivalent | Currency per 1 USD | Equivalent of USD 2,000 | USD equivalent of 5,000 units of Foreign currency |
JPY | 0.0080 | |||
EUR | 9,723.64 | |||
GBP | 2,299.62 | |||
CHF | 1.0699 |
b.A British retailer placed an order with a manufacturing firm based in Japan to buy 1,000 trousers for JPY 200,000,000
How many GBP does the British retailer need to cover the payment?
JPY / USD | USD (for JPY 200 mn) | |
USD / GBP | GBP |
c.An investment banking firm in Switzerland wants to buy 1,000 shares in a British stock market index fund. Each share of that fund costs GBP 15,000.
How many Swiss francs will it need to make that investment?
Related Book For
Microeconomics
ISBN: 978-0321866349
14th canadian Edition
Authors: Christopher T.S. Ragan, Richard G Lipsey
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