Question

Suppose we have the following exchange rate quotes:    in US$ per US$ Euro area (€) 1.3455 .7432 Mexico (Ps) .0781 12.8113    a. If you have $225, you can get  euros. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use the €/$ exchange rate in your calculation.)    b. One euro is worth $  . (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)    c. If you have 6,500,000 euros, you have $  . (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Use the $/€ exchange rate in your calculation.) d. You can get  Mexican pesos for a euro. This type of rate is called  (Click to select)  exchange rate  mixed rate  cross rate  foreign currency  . (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)

Answer 1

Please find below answer and provide rating..

	in US$	per US$
Euro area (€)	1.3455	0.7432
Mexico (Ps)	0.0781	12.8113
a. If you have $225, you can get euros
Euro =	=225/1.3455
Euro =	167.22
b. One euro is worth $ .
	1.3455
c. If you have 6,500,000 euros, you have $
	=6500000*1.3455
	8745750
d. You can get Mexican pesos for a euro. This type of rate is called (Click to select) exchange rate mixed rate cross rate foreign currency
	=12.8113/.7432	17.2380
This type of rate is called : Cross rate