FIN 534 RANK Imagine Your Future /fin534rank.com FIN 534 RANK Imagine Your Future /fin534rank.com | Page 196

In 1985, a given Japanese imported automobile sold for
1,476,000 yen, or $8,200. If the car still sold for the same amount of
yen today but the current exchange rate is 144 yen per dollar, what
would the car be selling for today in U.S. dollars?
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Question 11
Suppose the exchange rate between U.S. dollars and Swiss francs
is SF 1.41 = $1.00, and the exchange rate between the U.S. dollar and
the euro is $1.00 = 1.64 euros. What is the cross-rate of Swiss francs to
euros?
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Question 12
Suppose hockey skates sell in Canada for 105 Canadian dollars,
and 1 Canadian dollar equals 0.71 U.S. dollars. If purchasing power
parity (PPP) holds, what is the price of hockey skates in the United
States?
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Question 13
If one Swiss franc can purchase $0.71 U.S. dollars, how many
Swiss francs can one U.S. dollar buy?
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Question 14
2 out of 2 points