Question: Use Table 24.1 to answer these questions: a. How many euros can you buy for $100? How many dollars can you buy for 100 euros?

Use Table 24.1 to answer these questions:
a. How many euros can you buy for $100? How many dollars can you buy for 100 euros?
b. How many Swiss francs can you buy for $100? How many dollars can you buy for 100 Swiss francs?
c. If the euro depreciates with respect to the dollar, will the direct exchange rate quoted in Table 24.1 increase or decrease? What about the indirect exchange rate?

d. Is a United States or an Australian dollar worth more?

Exchange Rate C$* Country Currency U$ Europe 1.376" Eurozone countries Euro (EUR or ) 1.507 Sweden Krona (SEK) 6.485 5.922 Switzerland Franc (CHF) .888 .811 Pound (GBP or ) 1.668" United Kingdom 1.826 Americas Real (BRL) Brazil 2.188 2.396 Dollar (CAD) Canada 1.095 1.000 Mexico New peso (MXN) 12.083 13.231 Asia/Africa Australia Dollar (AUD) 107. 1.11 China Yuan (CNY) 6.067 5.541 Dollar (HKD) China (Hong Kong) 7.082 7.755 India Rupee (INR) 2.180 1.991 Yen (JPY or v) Japan 93.461 102.340 Rand (ZAR) South Africa 10.872 9.929 Won (KRW) South Korea 1,065.500 973.059

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