Ask Question
BusinessBusiness
2 December, 03:16

You want to exchange 10,000 euros for russian rubles as your travel from paris, france to st. petersburg, russia. the spot rate on the dollar/euro cross rate is $1.1878/€ and the spot rate on the ruble/dollar cross rate is rbl 57.83/$. how many rubles will you obtain for your euros?

+2
Answers (1)
  1. 2 December, 03:29
    0
    Amount you want to exchange = 10,000 euros

    spot rate on the dollar/euro cross rate is $1.1878/€

    spot rate on the ruble/dollar cross rate is rbl 57.83/$

    rubles you will obtain for your euros = ?

    ruble/euro = rbl 57.83 x 1.1878 / euro = 68.690474/euro

    you have 10,000 euro, so

    10,000 x 68.690474 = 686904.74 rbl
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You want to exchange 10,000 euros for russian rubles as your travel from paris, france to st. petersburg, russia. the spot rate on the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which sentence uses the word enthrall correctly
Answers (1)
Which career would be most suitable for someone with a strong extraversion preference in MBTI chart A) landscaper B) freelance writer C) politician D) research librarian
Answers (1)
Question 10 1 / 1 pts The shareholders' equity of Diakovsky Company at the beginning and end of 20X6 totaled $16,000 and $21,000, respectively. Assets at the beginning of 20X6 were $25,000.
Answers (1)
Emilee signed a rental agreement for her new condo. how long is her lease?
Answers (2)
Shares are purchased in a custodial account, and are later sold at a profit. Tax liability rests with the: A custodian B minor C minor at the age of majority D custodian at the age of majority
Answers (1)
New Questions in Business
In 2022 the Bramble Corp. had net credit sales of $920000. On January 1, 2022, the Allowance for Doubtful Accounts had a credit balance of $22100. During 2022, $33200 of uncollectible accounts receivable were written off.
Answers (1)
The price of a good will tend to fall when a. there is excess demand for the good. b. there is excess supply of the good. c. demand for the good increases. d. the supply of the good decreases.
Answers (1)
What is the best evidence that many different geologic periods are represented in virginia?
Answers (1)
Other things held constant, an increase in financial leverage will increase a firm's market (or systematic) risk as measured by its beta coefficient. a. True b. False
Answers (1)
What is the practice of allowing a client to die without the use of any extraordinary measures sometimes called?
Answers (1)
Home » Business » You want to exchange 10,000 euros for russian rubles as your travel from paris, france to st. petersburg, russia. the spot rate on the dollar/euro cross rate is $1.1878/€ and the spot rate on the ruble/dollar cross rate is rbl 57.83/$.
Sign Up Forgot Password?