标题: Reading 18: Currency Exchange Rates-LOS a, (Part 2)习题精选 [打印本页]
作者: 土豆妮 时间: 2010-4-13 15:30 标题: [2010]Session 4-Reading 18: Currency Exchange Rates-LOS a, (Part 2)习题精选
Session 4: Economics: Economics for Valuation
Reading 18: Currency Exchange Rates
LOS a, (Part 2): Convert direct (indirect) foreign exchange quotations into indirect (direct) foreign exchange quotations.
If the exchange rate is JPY120/USD1, a bottle of rice wine that costs JPY2,400 costs:
作者: 土豆妮 时间: 2010-4-13 15:30
If the exchange rate is JPY120/USD1, a bottle of rice wine that costs JPY2,400 costs:
If USD1 buys JPY120, USD20 buys JPY2,400, which is the price of the bottle of wine. (USD/JPY120) × (JPY2,400/wine) = USD20/wine
作者: 土豆妮 时间: 2010-4-13 15:31
Given an indirect quote of 2.2254 CHF/GBP, what is the direct quote?
作者: 土豆妮 时间: 2010-4-13 15:31
Given an indirect quote of 2.2254 CHF/GBP, what is the direct quote?
0.4494 GBP/CHF is the reciprocal of 2.2254 CHF/GBP.
作者: 土豆妮 时间: 2010-4-13 15:31
In the U.S., the indirect quote of 0.827541 euros per U.S. dollar (EUR/USD) is the equivalent of a direct quote of:
作者: 土豆妮 时间: 2010-4-13 15:31
In the U.S., the indirect quote of 0.827541 euros per U.S. dollar (EUR/USD) is the equivalent of a direct quote of:
1.2084 USD/EUR is the reciprocal of 0.827541 EUR/USD.
作者: 土豆妮 时间: 2010-4-13 15:31
If the exchange rate value of the CAD goes from USD 0.60 to USD 0.80, then the CAD:
|
A) |
depreciated and Canadians will find U.S. goods more expensive. | |
|
B) |
depreciated and Canadians will find U.S. goods cheaper. | |
|
C) |
appreciated and Canadians will find U.S. goods cheaper. | |
作者: 土豆妮 时间: 2010-4-13 15:32
If the exchange rate value of the CAD goes from USD 0.60 to USD 0.80, then the CAD:
|
A) |
depreciated and Canadians will find U.S. goods more expensive. | |
|
B) |
depreciated and Canadians will find U.S. goods cheaper. | |
|
C) |
appreciated and Canadians will find U.S. goods cheaper. | |
The CAD is now more expensive in terms of USD, and thus it has appreciated. Therefore, each CAD yields more USD than before, and Canadians are able to purchase more U.S. goods with each CAD, making U.S. goods relatively cheaper.
作者: 土豆妮 时间: 2010-4-13 15:32
In Japan, the direct quote of 108.82 Japanese yen per U.S. dollar (JPY/USD) is the equivalent of an indirect quote of:
作者: 土豆妮 时间: 2010-4-13 15:32
In Japan, the direct quote of 108.82 Japanese yen per U.S. dollar (JPY/USD) is the equivalent of an indirect quote of:
0.009189 USD/JPY is the reciprocal of 108.82 JPY/USD.
作者: 土豆妮 时间: 2010-4-13 15:32
Suppose that the quote for the CAD in New York is 0.6666 USD/CAD. What is the quote for USD in Toronto (CAD/USD)?
作者: 土豆妮 时间: 2010-4-13 15:32
Suppose that the quote for the CAD in New York is 0.6666 USD/CAD. What is the quote for USD in Toronto (CAD/USD)?
Take the reciprocal of 0.6666 = 1 / 0.6666 = 1.5001
作者: luqian55 时间: 2010-5-31 00:12
thanks
作者: annyyu 时间: 2011-1-11 05:33
re
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