Question: I figured out part a. but part b my answer of 1485.29 was incorrect, not sure why? Anne Dietz at Changi #3 (Singapore).Anne Dietz lives

I figured out part a. but part b my answer of 1485.29 was incorrect, not sure why?

Anne Dietz at Changi #3 (Singapore).Anne Dietz lives in Singapore, but is making her first business trip to Sydney, Australia. Standing in Singapore's new terminal #3 at Changi Airport, she looks at the foreign exchange quotes posted over the FX trader's booth. She wishes to exchange 1,500 Singapore dollars (S$ or SGD) for Australian dollars (A$ or AUD). What Anne sees:

Spot rate (SGD = 1.00 USD)

1.3395

Spot rate (USD = 1.00 AUD)

0.7679

a.

What is the Singapore dollar to Australian dollar cross rate?

b.

How many Australian dollars will Anne get for her Singapore dollars?

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Part 1

a. What is the Singapore dollar to Australian dollar cross rate?

The cross rate is SGD

1.02861.0286/AUD.

(Round to four decimal places.)

Part 2

b. How many Australian dollars will Anne get for her Singapore dollars?

Anne will get AUD

1485.291485.29.

(Round to two decimal places.)

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