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Exchange Rates

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Chapter 23 (Quiz 1)

1. Exchange rates. Use table below for the problems

a. How many euros can you buy for $100? How many dollars can you buy for 100 euros?
b. How many Swiss francs can you buy for $100? How many dollars can you buy for 100 Swiss francs?
c. If the euro depreciates with respect to the dollar, will the direct exchange rate quoted in table 23-1 increase or decrease? What about the indirect exchange rate?
d. Is a United State or an Australian dollar worth more?

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Chapter 23 (Quiz 1)

1. Exchange rates. Use table below for the problems

a. How many euros can you buy for $100? How many dollars can you buy for 100 euros?

$100/0.89 = Euro 112.36

Euro 100 x 0.89 ...

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