Question: Problems 1. After spending a week in Moscow you get an email from a friend in Japan. He can get you a cheap plane

Problems 1. After spending a week in Moscow you get an email

Problems 1. After spending a week in Moscow you get an email from a friend in Japan. He can get you a cheap plane ticket and wants you to meet him in Osaka next week. You have 450,000 rubles. To prepare for the trip, you want to exchange your rubles for Japanese yen and you are given the following quotes: Spot rate on the rubles/dollar cross rate Spot rate on the yen/dollar cross rate a. What is the Russian ruble/yen cross rate? Rb1 30.96/$ 84.02/$ b. How many rubles will you obtain for your yens?

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