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How many european euros could you buy

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Reference no: EM132218387

A.  Fill in the following table using xe.com or a similar foreign-currency quote Web site. In each cell, record the number of units of the currency stated in the column heading that would be required to buy one unit of currency as stated in the first cell of the row.

For example, if you sold US$1, how many European Euros could you buy? Enter that amount in the third column, second row. Continue until the table is filled completely.

sell/buy                     US $1          European €1 Canadian $1      Japanese ¥1

US $1                              1                                         

European €1                                        1                      

Canadian $1                                                          1     

Japanese ¥1                                                                                  1

B. Why are the numbers in the Japanese ¥ column so much higher than the numbers in the other rows?

Reference no: EM132218387

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