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If you have $100, how many Polish zlotys can you get? (Do not include the Polish

ID: 2793149 • Letter: I

Question

If you have $100, how many Polish zlotys can you get? (Do not include the Polish zlotys sign, Z. Round your answer to 2 decimal places, e.g., 32.16.)

How much is one euro worth in U.S. dollars? (Round your answer to 4 decimal places, e.g., 32.1616.)

If you have 5.00 million euros, how many dollars do you have? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Round your answer to the nearest whole dollar amount, e.g., 1,234,567.)

Use the information below to answer the following questions.

Explanation / Answer

a) 1 USD = 3.3496 zlotys

=> 100 USD = 334.96 Polish Zlotys

b) 1 euro = 1.2318 $

c) 5m euro = 5 x 1.2318 = 6,159,000 dollars

d) 1 NZD = 0.8092 USD

1 SGD = 0.8015 USD

Hence, one New Zealand dollar is worth more as it can buy you more USD than one Singapore dollarw would.

e) 1 euro = 1.2318 $

1 SF = 1.0256 $

=> SF/euro = 1.0256 / 1.2318 = 0.8326

=> 1 euro will get you 0.8326 SF.

This rate is called a cross rate.

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