The following table shows the Exchange Rates between the US Dollar and other currencies in August...

  

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The following table shows the Exchange Rates between the US Dollar and other currencies in August 2020. Use this table to answer all questions. Chinese Yuan Euro Japanese Yen UK Pound Turkish Lira Mexican Peso Units of Foreign Currency you can buy with one US dollar 6.87 Yuan 0.84 Euro 105.36 Yen D E F Number of US dollars required to buy one unit of foreign currency A B с $1.34 $0.14 $0.046 1. Find C and F. For both, write down the appropriate currency i.e. S or Yen or Peso, etc. Show your work. 2. How much of their local currency would someone from Japan (local currency is Yen) need to buy an iPad that is being sold for $500 in the US? Show your work. 3. How much of their local currency would someone from Turkey (local currency is Lira) need to buy an iPad that is being sold for $500 in the US? Show your work. 4. How many dollars would an American tourist need if she wanted to buy a shirt in the UK for 50 Pounds? Show your work. 5. How many dollars would an American tourist need if she wanted to buy a hat in China for 15 Yuan? Show your work. 6. Based on the above table, find the following cross rates. Show your work. a. Euros/Chinese Yuan (i.e. how many Euros are needed to buy 1 Chinese Yuan?) b. Chinese Yuan/Euros (i.e. how many Chinese Yuan are needed to buy 1 Euro?) c. Mexican Pesos/Turkish Lira (i.e. how many Pesos are needed to buy 1 Lira?) d. Turkish Lira/Mexican Pesos (i.e. how many Lira are needed to buy 1 Peso?) The following table shows the Exchange Rates between the US Dollar and other currencies in August 2020. Use this table to answer all questions. Chinese Yuan Euro Japanese Yen UK Pound Turkish Lira Mexican Peso Units of Foreign Currency you can buy with one US dollar 6.87 Yuan 0.84 Euro 105.36 Yen D E F Number of US dollars required to buy one unit of foreign currency A B с $1.34 $0.14 $0.046 1. Find C and F. For both, write down the appropriate currency i.e. S or Yen or Peso, etc. Show your work. 2. How much of their local currency would someone from Japan (local currency is Yen) need to buy an iPad that is being sold for $500 in the US? Show your work. 3. How much of their local currency would someone from Turkey (local currency is Lira) need to buy an iPad that is being sold for $500 in the US? Show your work. 4. How many dollars would an American tourist need if she wanted to buy a shirt in the UK for 50 Pounds? Show your work. 5. How many dollars would an American tourist need if she wanted to buy a hat in China for 15 Yuan? Show your work. 6. Based on the above table, find the following cross rates. Show your work. a. Euros/Chinese Yuan (i.e. how many Euros are needed to buy 1 Chinese Yuan?) b. Chinese Yuan/Euros (i.e. how many Chinese Yuan are needed to buy 1 Euro?) c. Mexican Pesos/Turkish Lira (i.e. how many Pesos are needed to buy 1 Lira?) d. Turkish Lira/Mexican Pesos (i.e. how many Lira are needed to buy 1 Peso?)

Answer rating: 100% (QA)

1 Calculation of C and F For C we need to find the number of US dollars required to buy one UK Pound ... View the full answer