The next three questions pertain to the following information You just came back from Bali, Indonesia, where the Indonesian Rupiah (IDR) was worth $.00007. You still have IDR4,000,000 from your trip and could exchange them for dollars. Once in the US, you realized you can sell dollars for rupiah for about $0.000065.

52. How much will you get if you convert the rupiah into dollars once you are in the US.

a. $260

b. $280

c. $352

d. $360

e. None of the above

53. In the previous question, your friend is going to Bali next week is willing to take the rupiah from you for $0.00009. If you go with your friend’s offer, how much more dollars do you get?

a. $260

b. $352

c. $120

d. $8

e. None of the above

54. In the previous question, you still have your 4,000,000 million rupiah and you run into your former boss a week later and he had just returned from Bangkok, Thailand and is willing to trade his remaining 10,000 baht for your 4 million rupiah. Since, you will be going to Thailand next week for a business trip anyways, should you exchange your rupiah for his Baht? You quickly check the following at your local foreign exchange kiosk, and you realized that you can buy Baht at $0.03333 per dollar (or $1 = 30 Baht) and sell your for rupiah for $0.000065 at today’s rate. What is the cross rate if you exchange Indonesian Rupiah for Thailand Baht and should you exchange your 4 million rupiah for 10,000 Baht? a. 0.00195020; Yes

b. 512.769; No

c. 0.00009; Yes

d. 0.00007; Yes

e. 0.000065: Yes