Suppose you are given the following quotes by a dealer: Brazilian Real/U.S. Dollar = 4.157 U.S. Dollar/Australian
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Question:
Suppose you are given the following quotes by a dealer:
Brazilian Real/U.S. Dollar = 4.157
U.S. Dollar/Australian Dollar = 0.542
Chinese Yuan/U.S. Dollar = 6.403
You just landed back to USA from your 7-day trip to Brazil. You brought back 5,575 Brazilian Real from your trip.
How many dollars will you get if you convert your Brazilian Real to US dollars?
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