1 (a) Assume you are based in the eurozone. Given the information in the followi

Question

1 (a) Assume you are based in the eurozone. Given the information in the following table, answers correct to two decimal places. Exchange rate (number Price ot an acket price sh pound or GBP 0.50 0.60 0.70 0.80 0.90 1.00 1.10 1.20 1.30 1.40 1.50 60 60 60 60 60 60 60 60 Calculate the EUR/GBP exchange rate (the number of euros per British pound or units of foreign currency for one unit of domestic currency). Provide answers correct to two decimal places. (b) Price of an Italian äcke Exchange rate (Price GBP In euros) price in 30 40 60.00 60.00 60.00 60.00 60.00 60.00 70 80 40 100 110 60.00 60.00 60.00 60.00

Explanation / Answer

Ans 1) Ans 2) Exchange Rate( Numbmer of Euro /GBP) Price of an Italian Jacket (Euro) Jacket Price in GBP=(Price of an Italian Jacket/Exchange Rate) Price of an Italian Jacket (Euro) Jacket Price in GBP Exchange Rate( Numbmer of Euro /GBP)=Jacket Price in Euro/Jacket Price in GBP 0.5 60 120.00 60 30 2.00 0.6 60 100.00 60 40 1.50 0.7 60 85.71 60 50 1.20 0.8 60 75.00 60 60 1.00 0.9 60 66.67 60 70 0.86 1 60 60.00 60 80 0.75 1.1 60 54.55 60 90 0.67 1.2 60 50.00 60 100 0.60 1.3 60 46.15 60 110 0.55 1.4 60 42.86 60 120 0.50 1.5 60 40.00 60 130 0.46

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.