A a good guess is b the exact return is ans a good

This preview shows page 4 - 5 out of 5 pages.

A) A good guess is ______% B) The exact return is __________% ANS: a good guess is 0% the exact return is -4% 16. If you go to a bank with €10,000 and are attempting to convert your euros into dollars, can you use the following quote to complete the transaction: $1.6308/€ bid? (hint: The bank is saying, “We are bidding $1.6308 for one euro”) ANS: Yes 17. If you go to a bank with €10,000 and are attempting to convert your euros into dollars, can you use the following quote to complete the transaction: €.8251/$ bid? (hint: The bank is saying, “We are bidding €.8251 for one US dollar”) ANS: No 18. If you go to a bank with €10,000 and are attempting to convert your euros into dollars, can you use the following quote to complete the transaction: $1.6522/€ ask? (hint: The bank is saying, “We are asking $1.6522 for one euro”) ANS: No
Image of page 4

Subscribe to view the full document.

19. If you go to a bank with €10,000 and are attempting to convert your euros into dollars, can you use the following quote to complete the transaction: €.8305/$ ask? (hint: The bank is saying, “We are asking €.8305 for one US dollar”) ANS: Yes
Image of page 5
You've reached the end of this preview.
  • Spring '12
  • Scott
  • Exchange Rate, United States dollar, ISO 4217

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern