Dresdner Bank has offered the following exchange rate quotes on Indian rupees (Rs) Rs.83.7612/£ and $1.8654/£. What is the cross rate between the Indian rupees and the U.S. dollar?(Round your final answer to four decimal places)
A) Rs.44.9025/$
B) Rs.49.9375/$
C) Rs.51.2134/$
D) Rs.36,7122/$
Correct Answer:
Verified
Q74: The spot rate on the London market
Q75: State Bank of India has offered a
Q76: Tamcon Industries has purchased equipment from a
Q77: Long-term debt instruments sold by firms to
Q78: The Eurocurrency market is the
A) medium-term portion
Q80: Palermo, Corp. sold equipment to a French
Q81: What are the six factors that can
Q82: Describe the global debt markets.
Q83: How does the goal of a firm
Q84: Zylex Corporation's German unit is looking to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents