ANSWER: C
ANSWER: D
ANSWER: B
Spot rate per U.S. $
June 2010
June 2011
Japanese yen
120
80
Mexican peso
9.25
11.75
From the above information, the U.S. dollar has ________ against the Japanese yen and it has ______ against the Mexican peso.
ANSWER: A
U.S. dollar per pound = 1.50
Yen per U.S. dollar = 100.0
What is the exchange rate yen per pound?
Use the following information about the spot exchange rates to answer the questions 18 – 20.
Suppose that the spot exchange rates for British pound quoted in two locations are:
Buy 1 pound (£)
Sell 1 pound (£)
Barclays, London
$1.55
$1.58
Citi, New York
$1.60
$1.63
Answer: A
Answer: D
Use the graph below to answer questions 17- 20.
Figure 1.2
Answer: C
Use the following information to answer questions 24-25.
Assume that the following exchange rates exist for the U.S. dollar, Japanese Yen and the British Pound.
$/Pound
$/Yen
Yen/Pound
New York
1.60
0.01
-
London
140.0
Tokyo
Answer: B
a. Tokyo
b. Munich
c. New York
d. Cancun
True/False:
Answer: TRUE
Answer: FALSE
Questions Posted on Student Companion Site
Chapter 1:
Multiple-Choice Questions
Use the graph below to answer questions 9 – 12.
Figure 1.1
Use the following information to answer questions 13-14.
Assume that the following exchange rates exist.
SFr/$
SFr/Pound
2.00
1.00
3.00
Geneva
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