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Financial Management Quiz
- The exchange rate is 0.967 Swiss francs per U.S. dollar. How many U.S. dollars are needed to purchase 1 Swiss franc?
- The exchange rate is 1.1491 Swiss francs per U.S. dollar. How many U.S. dollars are needed to purchase 9,899 Swiss francs?
- Suppose one U.S. dollar can purchase 135 yen today. If the yen depreciates by 10% tomorrow, how many yen could one U.S. dollar buy tomorrow?
- Suppose the exchange rate between U.S. dollars and Swiss francs is SF 0.9645 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 1.1934 euros. What is the cross-rate of euros to Swiss francs (Euro/SF)?
- Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.1716 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 1.149 euros. What is the cross-rate of Swiss francs to euros (SF/Euro)?
- You can exchange $1 for either C$1.209 or ¥114.09. What is the cross rate between the Japanese yen and the Canadian dollar? That is, solve for ¥ per C$.
- In New York, you can exchange $1 for €0.8026 or £0.6149. Suppose that, in Berlin, £1 costs €1.1814. How much profit can you earn on $40,116 using triangle arbitrage?
- Your friend from Germany has decided to come and visit you in the United States. You estimate the cost of her trip at $6,752. What is the cost to her in euros if the U.S. dollar equivalent of the euro is 1.2031?
- You just returned from a trip to Venezuela and have 6,696 bolivares fuertes in your pocket. How many dollars will you receive when you exchange this money if the U.S. dollar equivalent of the bolivares fuertes is 0.1507?
Financial Management Quiz
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