Hi,
does anyone have any tips on how to accurately calculate the currency when given the exchange rate for the equity section?
I keep getting confused on whether to multiply the amount by the exchange rate or multiply it depending on whether it’s a direct quote or indirect quote.
Example - see question # 10a chapter 36
In the book they write 425x0.9810 whereas I divided 425 by 0.9810.
Thanks!作者: jbaldyga 时间: 2013-4-12 22:09
thank you Starbuk! This actually makes sense.
Great tip!
This actually makes sense.