Question: The Malaysian Ringgit (MYR) does not trade directly against the NBD. However, you know the following forex rates against the USD: 0.057 USD =

The Malaysian Ringgit (MYR) does not trade directly against the NBD. However, you know the following forex rates against the USD:

0.057 USD = NBD 1.00 (i.e. there are 0.057 USD per NBD)
4.55 MYR = USD 1.00 (i.e. there are 4.55 MYR per USD)

A) What is the rate for the Malaysian Ringgit against the Namibian dollar? In other words, how many MYR are there for one NBD? Give your answer to 4 decimal places.

B) How many Malaysian Ringgit is required to be sufficient to convert them into 4,000,000 NBD? Give your answer to the nearest MYR.

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