b 55. How many euros can you get for $2,500 given the following exchange rates?
Difficultylevel:Medium
CURRENCY CONVERSION
a 56. You are planning a trip to Australia. Your hotel will cost you A$150 per night for five nights.
You expect to spend another A$2,000 for meals, tours, souvenirs, and so forth. How much will
this trip cost you in U.S. dollars given the following exchange rates?
Difficultylevel:Medium
CURRENCY CONVERSION
c 57. You want to import $45,000 worth of rugs from India. How many rupees will you need to pay
for this purchase if one rupee is worth $.0218?
a. 1,843,010Rs
b. 2,032,018Rs
c. 2,064,220Rs
d. 2,075,002Rs
e. 2,076,289Rs
Difficultylevel:Medium
CROSS-RATE
e 58. Currently, $1 will buy C$1.36 while $1.10 will buy 1. What is the exchange rate between the
Canadian dollar and the euro?
a. C$1 = 1.10
b. C$1 = .9091
c. C$1 = 1.2364
d. C$1.36 = 1.10
e. C$1.36 = .9091
Difficultylevel:Medium
CROSS-RATE
e 59. Assume that 107.62 equal $1. Also assume that 7.5415Skr equal $1. How many Japanese yen
can you acquire in exchange for 6,200 Swedish krona?
a. 419
b. 434
c. 41,719
d. 46,757
e. 88,476
Difficultylevel:Medium
CROSS-RATE
d 60. You just returned from some extensive traveling throughout the Americas. You started your trip
with $10,000 in your pocket. You spent 1.4 million pesos while in Chile. You spent another
40,000 bolivars in Venezuela. Then on the way home, you spent 34,000 pesos in Mexico. How
many dollars did you have left by the time you returned to the U.S. given the following
exchange rates?
Difficultylevel:Challenge
TRIANGLE ARBITRAGE
b 61. Assume that you can buy 250 Canadian dollars with 100 British pounds. Which one of the
following statements is correct given the following exchange rates? Assume that you start out
with British pounds.
TRIANGLE ARBITRAGE
a 62. Assume that you can buy 245 Canadian dollars with 100 British pounds. How much profit can
you earn on a triangle arbitrage given the following rates if you start out with 100 U.S. dollars?
Difficultylevel:Challenge
CURRENCY APPRECIATION/DEPRECIATION
e 63. Today, you can exchange $1 for .5428. Last week, 1 was worth $1.88. If you had converted
100 into dollars last week you would now have a:
a. profit of $2.05.
b. loss of $2.01.
c. profit of 2.01.
d. loss of $2.05.
e. profit of 2.05.
Difficultylevel:Medium
CURRENCY APPRECIATION/DEPRECIATION
e 64. Today, you can get either 140 Canadian dollars or 1,140 Mexican pesos for 100 U.S. dollars.
Last year, 100 U.S. dollars was worth 139 Canadian dollars and 1,160 Mexican pesos. Which
one of the following statements is correct given this information?
a. $100 invested in Canadian dollars last year would now be worth 1,148.20 Mexican pesos.
b. $100 invested in Mexican pesos last year would now be worth $98.28.
c. $100 invested in Mexican pesos last year would now be worth $102.03
d. $1,200 invested in Canadian dollars last year would now be worth $1,208.63.
e. $1,200 invested in Canadian dollars last year would now be worth $1,191.43.
Difficultylevel:Medium
Difficultylevel:Challenge
Difficultylevel:Medium
Difficultylevel:Challenge
Difficultylevel:Medium
Difficultylevel:Challenge
Difficultylevel:Challenge
Difficultylevel:Medium
Difficultylevel:Challenge
Difficultylevel:Medium
Difficultylevel:Medium
Difficultylevel:Medium
Difficultylevel:Challenge
Difficultylevel:Challenge
Difficultylevel:Challenge
Difficultylevel:Medium
Difficultylevel:Medium
Difficultylevel:Medium
Difficultylevel:Challenge
Difficultylevel:Challenge
Difficultylevel:Challenge