Using exchange rates

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Using Exchange Rates Suppose we have the following exchange rate quotes: in US$ per US$ Euro area (€) 1.3407 .7459 Mexico (Ps) .0780 12.8137 a. If you have $300, you can get euros. (Do not round intermediate calculations and round your answer to 2 decimal places (e.g., 32.16). Use the €/$ exchange rate in your calculation.) b. One euro is worth $ . (Do not round intermediate calculations and round your answer to 4 decimal places (e.g., 32.1616).) c. If you have 4,500,000 euros, you have $ . (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars (e.g., 1,234,567). Use the $/€ exchange rate in your calculation.) d. You can get Mexican pesos for a euro. This type of rate is called . (Do not round intermediate calculations and round your answer to 4 decimal places. (e.g., 32.1616).)

Reference no: EM131348657

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