Use the information below to answer the following questions. a. If you have $260

Question

Use the information below to answer the following questions.

a. If you have $260, how many Polish zlotys can you get? (Do not include the Polish zlotys sign (Z). Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Amount Z

b. How much is one euro worth in U.S. dollars? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) Dollar value of one euro $

c. If you have 4.70 million euros, how many dollars do you have? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Amount $

d. Which is worth more, a New Zealand dollar or a Singapore dollar?

e. Which is worth more, a Mexican peso or a Chilean peso?

f. How many Swiss francs can you get for a euro? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) Amount SF/€ What do you call this rate?

U.S. $ EQUIVALENT CURRENCY PER U.S. $ Polish Zloty .2988 3.3466 Euro 1.2364 .8088 Mexican Peso .0752 13.2992 Swiss Franc 1.0288 .9720 Chilean Peso .002071 482.80 New Zealand Dollar .8084 1.2370 Singapore Dollar .8008 1.2488

Explanation / Answer

In 1dollar, we can get 3.3466 polish zlotys..So in 260 dollars, we can get 3.3466*260=870.116 Zlotys

1 Euro is worth 1.2364 dollars

So 4.7 million euros=4.7*1.2364=5.81108 million

In 1 US dollar, we can get 1.237 NZD or 1.2488 SGD..Hence, as we can get less NZD NZD is worth more

In 1 US dollar, we can get 13.2992 MEX or 482.80 CHIL..Hence, as we can get less MEX Mexican peso is worth more

In 1 euro we can get 1.2364 dollars and in 1 dollar we can get 0.972 Swiss francs..So in 1 euro we an get 1.2364*0.972=1.2017808 Swiss francs..This is called cross currency rate

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