Main.do Problem 19-5 Exchange rates The table lists foreign exchange rates for A

Question

Main.do Problem 19-5 Exchange rates The table lists foreign exchange rates for August 3, 2011. On that day, how many dollars would be required to purchase 600 units of each of the following: British pounds, Canadan dollars, EMU euros, Japanese yen, Medican pesos, and Swedish kronas? Round your answers to the nearest cent. Sample Exchange Rates: Wednesday, August 3, 2011 Direct Quotation: U.S. Dollars Required to Buy One Unit of Foroign Indirect Quotation: Number of Units of Foreign Carrency per U.S. Dolar Australian dollar Brazilian real British pound Canadian dolar Chinese yuan Danish krone Euro Hungarian forint srael shekel Japanese yen Mexican peso Scuth African rand Swedish krona $1.0756 0.6385 1.6426 1.0392 0.1553 0.1923 1.4323 0.00527 0.2887 0.01297774 0.0846 0.1488 0.1577 0.9297 1.5662 0.6088 0.9622 6.4392 5.2004 0.6982 189.75 3.4641 77.06 11.8205 6.7217 6.3420

Explanation / Answer

Solution:

$ Working British Pounds 985.56 600*1.6426 Canadian dollars 623.52 600*1.0392 EMU euros 859.38 600*1.4323 Japnese yen 7.78644 600*0.0129774 Mexican Peso 50.76 600*0.0846 Swedish kronas 94.62 600*0.1577

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