Question: The table lists foreign exchange rates for August 7, 2020. On that day, how many dollars would be required to purchase 800 units of each
The table lists foreign exchange rates for August 7, 2020. On that day, how many dollars would be required to purchase 800 units of each of the following: British pounds, Canadian dollars, EMU euros, Japanese yen, Mexican pesos, and Swedish kronas? Use the direct quotation for your calculations. Round your answers to the nearest cent. Sample Exchange Rates: Friday, August 7, 2020 Direct Quotation: U.S. Dollars Required to Buy One Unit of Foreign Currency (1) Indirect Quotation: Number of Units of Foreign Currency per U.S. Dollar (2) Australian dollar 0.7157 1.3972 Brazilian real 0.1839 5.4381 British pound 1.3050 0.7663 Canadian dollar 0.7472 1.3384 Chinese yuan 0.1435 6.9678 Danish krone 0.1582 6.3200 EMU euro 1.1788 0.8484 Hungarian forint 0.00340507 293.68 Israeli shekel 0.2932 3.4107 Japanese yen 0.00944 105.93 Mexican peso 0.0447 22.3873 South African rand 0.0567 17.6397 Swedish krona 0.1143 8.7509 Swiss franc 1.0959 0.9125 Note: Column 2 equals 1.0 divided by Column 1. However, rounding differences do occur. Source: Adapted from The Wall Street Journal (wsj.com), August 7, 2020. 800 British pounds = $ 800 Canadian dollars = $ 800 EMU euros = $ 800 Japanese yen = $ 800 Mexican pesos = $ 800 Swedish kronas = $
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