Changed the value of the dollar

Assignment Help Financial Management

Reference no: EM131937718

1. Suppose that you have 50,000 Mexican Pesos and you are planning to travel to Germany and thus you want to convert your MXN to EUR. The spot rates for MXN/USD = 18 and EUR/USD is 0.87. How much EUR will you receive for your MXN 50,000?

A. 2,777.78

B. 2,416.67

C. 3,192.85

D. 4,350.00

2. Louis David had 110,000 Zim dollar in his savings. On August 8, 2000, Zimbabwe changed the value of the Zim dollar from Z$38/U.S.$ to Z$50/U.S.$. Louis's Zim dollars after August 8 are worth:

A. USD 0.0263

B. 0.0200

C. 2,200.00

D. 2,894.74

Reference no: EM131937718

Questions Cloud

Law of supply and the supply curve : What kinds of changes in underlying conditions can cause the supply curve to shift? Give some examples and explain the direction in which the curve shifts.

How does performance management system connect with training : How does a performance management system connect with training and development and compensation strategies? What could be improved in your organization.

What is the price of european put option : What is the price of a European put option that expires in 6 months and has a strike price of $30?

What events shaped perspective on race relation held by king : What eventsshaped perspective on race relation held by Martin Luther King, Jr. and Malcolm X? In what ways were King and Malcolm X in opposition to one another?

Changed the value of the dollar : On August 8, 2000, Zimbabwe changed the value of the Zim dollar from Z$38/U.S.$ to Z$50/U.S.$. Louis's Zim dollars after August 8 are worth:

Internet providers be considered natural monopolies : Should cable Internet providers be considered natural monopolies that should be required to operate where the LAC intersects the demand curve?

Briefly explain why you selected each question for survey : Create a 10-item, open-ended question survey that you could use to determine the needs for a well-being program for the staff.

Environmental controversy-science and politics : Many people believe politics should not play a role in science, but once government funds science, the funding decisions become political.

Cause nonstatutory stock option to be taxable upon grant : What would cause a nonstatutory stock option to be taxable upon grant? Which is NOT a step to complete a cashless exercise of nonstatutory stock option.

User Account

All Pages