Question: : On your summer study abroad program in Europe you stay an extra two weeks to travel from Paris to Moscow. You leave Paris with

:On your summer study abroad program in Europe you stay an extra two weeks to travel from Paris to Moscow. You leave Paris with 3400 euros (euro or EUR) in your belt pack. Wanting to exchange all of these for Russian rubles(R or RUB), you obtain the followingquotes:

Spot rate USD = 1.00 EUR (or $/euro) 1.1826

Spot rate RUB = 1.00 USD (or R/$) 52.51

a. What is the Russian ruble to euro cross rate?

b. How many Russian rubles will you obtain for youreuros?

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