Module 8 Chp 7 Problem 2.

Module 8 Chp 7 Problem 2. - 1 USD = 3.059 Peso 100 USD =...

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2. A bicycle manufactured in the United States costs $100. Using the exchange rates listed in Table 1, what would the bicycle cost in each of the following in Argentina, Britain and Canada The exchange rates given are: US $ per currency Currency per US $ Argentina (peso) 0.33 3.06 Britain (pound) 1.77 0.56 Canada (dollar) 0.86 1.17 Solution: Argentina:
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Unformatted text preview: 1 USD = 3.059 Peso 100 USD = 3.059 x 100 = 305.9 Peso Bicycle cost = 305.9 Pesos Britain: 1 USD = 0.5648 Pounds 100 USD = 0.5648 x 100 = 56.48 Pounds Bicycle cost = 56.48 Pounds Canada: 1 USD = 1.1651 Canadian dollars 100 USD = 1.1651 x 100 = 116.51 Canadian dollars. Bicycle cost = 116.51 Canadian dollars...
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This note was uploaded on 08/04/2011 for the course ECN 601 taught by Professor Professor during the Spring '10 term at Grand Canyon.

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