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5.  Problem 19.05 (Exchange Rates) The table lists foreign exchange rates for August 25, 2017. On that...

5.  Problem 19.05 (Exchange Rates)

The table lists foreign exchange rates for August 25, 2017. On that day, how many dollars would be required to purchase 600 units of each of the following: British pounds, Canadian dollars, EMU euros, Japanese yen, Mexican pesos, and Swedish kronas? Use the direct quotation for your calculations. Round your answers to the nearest cent.

Sample Exchange Rates: Friday, August 25, 2017
Direct Quotation:
U.S. Dollars Required to
Buy One Unit of
Foreign Currency
(1)
Indirect Quotation:
Number of Units of
Foreign Currency per
U.S. Dollar
(2)
Australian dollar $0.7930 1.2610
Brazilian real 0.3160 3.1590
British pound 1.2881 0.7763
Canadian dollar 0.8011 1.2483
Chinese yuan 0.1504 6.6482
Danish krone 0.1603 6.2392
EMU euro 1.1924 0.8387
Hungarian forint 0.00392003 255.10
Israeli shekel 0.2791 3.5834
Japanese yen 0.00914 109.36
Mexican peso 0.0568 17.6164
South African rand 0.0768 13.0178
Swedish krona 0.1255 7.9651
Swiss franc 1.0454 0.9566
Venezuelan bolivar fuerte 0.10014972 9.9851
Note: Column 2 equals 1.0 divided by Column 1. However, rounding differences do occur.
Source: Adapted from The Wall Street Journal (online.wsj.com), August 28, 2017.
600 British pounds = $  
600 Canadian dollars = $  
600 EMU euros = $  
600 Japanese yen = $  
600 Mexican pesos = $  
600 Swedish kronas = $  

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