Questions C and D need answers.

Comparing Cheap Dates Around the World. Comparison of prices or costs across different country and currency environments requires translation of the local currency into a single common currency. This is most meaningful when the comparison is for the identical or near-identical product or service across countries. Deutsche Bank has recently started publishing a comparison of cheap datesand evening on the town for two to eat at McDonald's, see a movie, and drink a beer. Once all costs are converted to a common currency, the U.S. dollar in this case, the cost of the date can be compared across cities relative to the base case of a cheap date in USD in New York City. After completing the table 5 , answer the following questions. a. Which city in the table is truly the cheapest date? b. Which city in the table is the most expensive-cheap date? c. If the exchange rate in Moscow on the Russian ruble (RUB) was USD0.0513/RUB, instead of USD0.0283/RUB, what would be the USD price? d. If the exchange rate in Shanghai was CNY6.77/USD, what would be its cost in USD and relative to a cheap date in New York City? a. Which city in the table is truly the cheapest date? (Select the best choice below.) A. The truly cheapest cheap date could be had in Jakarta, Indonesia, at only 25% of what it costs in New York City. B. The truly cheapest cheap date could be had in Manila, Phillipines, at only 25% of what it costs in New York City. C. The truly cheapest cheap date could be had in Mumbai, India, at only 25% of what it costs in New York City. D. The truly cheapest cheap date could be had in Mexico City, Mexico, at only 25% of what it costs in New York City. b. Which city in the table is the most expensive-cheap date? (Select the best choice below.) A. The most expensive-cheap date would be Berlin at 130% of the cost of New York City. B. The most expensive-cheap date would be London at 130% of the cost of New York City. C. The most expensive-cheap date would be Sydney at 130% of the cost of New York City. D. The most expensive-cheap date would be Paris at 130% of the cost of New York City. City Rate Quote Country Australia Brazil In USD 104.01 to NYC 112% Canada China France Germany Hong Kong India Indonesia Japan Malaysia Mexico New Zealand Phillipines Russia Singapore South Africa United Kingdom United States United States Sydney Rio de Janeiro Ottawa Shanghai Paris Berlin Hong Kong Mumbai Jakarta Tokyo Kuala Lumpur Mexico City Auckland Manila Moscow Singapore Cape Town London New York City San Francisco Local Currency AUD 111.96 BRL 135.43 CAD 78.33 CNY 373.87 EUR 75.57 EUR 76.49 HKD 467.03 INR 1,379.64 IDR 314,700 JPY 10,269.07 MYR 117.85 MXN 423.93 NZD 111.52 PHP 1,182.88 RUB 2,451.24 SGD 77.89 ZAR 388.58 GBP 73.29 USD 93.20 USD 88.72 USD = 1 AUD USD = 1 BRL USD = 1 CAD USD = 1 CNY USD = 1 EUR USD = 1 EUR USD = 1 HKD USD = 1 INR USD = 1 IDR USD = 1 JPY USD = 1 MYR USD = 1 MXN USD = 1 NZD USD = 1 PHP USD = 1 RUB USD 1 SGD USD = 1 ZAR USD = 1 GBP 1 USD 1 USD 7 April 2014 0.9290 0.4363 0.9106 0.1619 1.3702 1.3702 0.1289 0.0167 0.0001 0.0097 0.3048 0.0769 0.8595 0.0222 0.0283 0.7939 0.0946 1.6566 1.0000 1.0000 93.20 100% Source: Data drawn from The Random Walk, Mapping the World's Prices 2014, Deutsche Bank Research, 09 May 2014, Figures 30 and 32, with author calculations. 'Relative to NYC' is calculated as = Cheap Date in USD/93.20. Note: The cheap date combines the local currency cost of a cab ride for two, two McDonald's hamburgers, two soft drinks, two movie tickets, and two beers. In 2013 Deutsche Bank had included sending a bouquet of roses in the date, but did not include that in the 2014 index, making the two years not directly comparable