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How many usd would you receive

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Reference no: EM133117720

Question - Use these USD bid-ask quotes on the euro and yen

Euro: $1.23 - $1.27 (Direct quote for the euro) EUR/USD

Yen: ¥80.4 - ¥99.6 (Indirect quote for the yen) USD/JPY

1. How many USD would you receive if selling 2000 yen?

2. How many USD would it cost to buy 2000 yen?

3. How many yen would it cost to buy $700?

4. How many yen would you receive if selling $700?

Reference no: EM133117720

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