1. You live in Mexico and wish to buy a BMW automobile made in Germany. In Germa

Question

1.   You live in Mexico and wish to buy a BMW automobile made in Germany. In Germany, the price of the BMW you wish to buy is 100,000 euros (€). Using the “Key Currency Cross Rates Table” provided above, what is the peso price of this car in Mexico City (ignore taxes, transport fees, and dealer preparation fees)?

a.   100,000 pesos

b.   1.67 million pesos

c.   59,870 pesos

d.   598,700 pesos

2.   Using the “Key Currency Cross Rates Table”, what is the value of Japanese Yen/British pound (YEN/POUND)?

a.   124.88 yen

b.   124.88 pounds

c.   0.00801 yen

d.   0.00801 pound

Key Currency Cross Rates 9:58 a.m. EDT 09/11/12 YEN DOLLAR 0.97200 77.825 13.012 0.94050 0.62321 0.77900 EURO POUND 1.2478 99.904 16.704 1.2073 SFRANC PESO CDNDLR 1.5597 124.88 20.879 1.5091 Canada Japan Mexico Switzerland U.K. Euro U.S Source: ICAP plc 1.0335 0.07470 82.749 13.835 0.01249 5.9810 0.07228 0.04789 0.05987 0.07685 80.067 13.387 0.96759 0.64116 0.80144 1.0288 See Closing Cross Rates 0.16720 0.01208 0.00801 0.01001 0.01285 0.66264 0.82828 1.0633 0.80001 1.2500 1.2837 1.6046

Explanation / Answer

Ans 1: b (16.7* 100,000)

Ans 2: b (read the value of second row and third column from the table)

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