Question: The table lists foreign exchange rates for August 30, 2018. On that day, how many dollars would be required to purchase 300 units of each

 The table lists foreign exchange rates for August 30, 2018. On

The table lists foreign exchange rates for August 30, 2018. On that day, how many dollars would be required to purchase 300 units of each of the following: British pounds, Canadian dollar, EMU euros, Japanese yen, Mexican petos, and Swedish kronas? Use the direct quotation for your calculations. Round your answers to the nearest cent Sample Exchange Rates: Thursday, August 30, 2018 Direct Quotations Indirect Quotation U.S. Dollars Required to Number of Units of Buy One Unit of Foreign Currency per Foreign Currency U.S. Dollar (2) Australian dollar 0.7264 1.3767 Brazilian real 0.2409 4.1504 British pound 1.3009 0.7682 Canadian dollar 0.7702 1.2984 Chinese yuan 0.1461 6.8448 Danish Krone 0.1565 6.3889 EMU euro 1.1670 0.8569 Hungarian forint 0.00357015 280.10 Israeli Shekel 0.2767 3.6136 Japanese Yen 0.00901 110.99 Mexican peso 0.0523 19.1133 South African rand 0.0679 14.7205 Swedish Krona 0.1095 9.1200 Swiss franc 1.0017 0.9693 Venezuelan bolivar fuerte 0.00000403 248409.0001 Note: Column 2 equals 1. divided by Column 1. However, rounding differences do occur Source: Adapted from The Wall Street Journal (www.wsj.com), August 30, 2018 800 tish pounds 800 Canadian dollars 800 EMU euros 800 Japanese yen 800 Mexican pesos 300 Swedish kronas -5

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!