Solved

Exxon Mobil Wants to Pay 160,000 to a German

Question 38

Multiple Choice

Exxon Mobil wants to pay Exxon Mobil wants to pay 160,000 to a German supplier. They get an exchange rate quotation from its own commercial bank and instructs it to debit their dollar account and pay 160,000 to the supplier's German account. If the exchange rate quoted is $1.2 per euro, how much is debited to Exxon Mobil's account? A) $160,000 B) $172,000 C) $180,000 D) $192,000 E) $150,000 160,000 to a German supplier. They get an exchange rate quotation from its own commercial bank and instructs it to debit their dollar account and pay Exxon Mobil wants to pay 160,000 to a German supplier. They get an exchange rate quotation from its own commercial bank and instructs it to debit their dollar account and pay 160,000 to the supplier's German account. If the exchange rate quoted is $1.2 per euro, how much is debited to Exxon Mobil's account? A) $160,000 B) $172,000 C) $180,000 D) $192,000 E) $150,000 160,000 to the supplier's German account. If the exchange rate quoted is $1.2 per euro, how much is debited to Exxon Mobil's account?


A) $160,000
B) $172,000
C) $180,000
D) $192,000
E) $150,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q22: In 2013, about
A) 20 percent of foreign

Q26: A foreign exchange swap
A) is a spot

Q28: Explain what is a "vehicle currency." Why

Q29: Which of the following statements is TRUE

Q36: Explain the purpose of the following figure.

Q36: Which major actor is at the center

Q40: The future date on which the currencies

Q42: Determine for each, whether the interest parity

Q53: What is the expected dollar rate of

Q56: What is the interest parity condition?

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents