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How much us dollars will jamie inc receive

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Reference no: EM132920838

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Q1. Jamie Inc. is an American firm that will receive MYR31,000. A local bank in Malaysia offers a bid-ask rate for a US dollar at MYR1.3285/1.4429. How much US dollars will Jamie Inc. receive?

a. 21,484.51

b. 23,334.59

c. 41,183.50

d. 44,729.90

Q2. Rovie Inc. is a European firm that will need to pay SGD962,000 to its supplier. The current bid-ask rates for a Euro is USD0.9923-1.0436 and the bid-ask rates for a Singapore dollar is USD1.243-1.3192. How much will Rovie Inc. pay its supplier in Euros?

a. 807,677.55

b. 723,614.77

c. 1,278,918.07

d. 1,205,044.85

Q3. A money changer buys a Singapore dollar for US1.8658 and sells a Singapore dollar for US2.208. The bid-ask percentage spread for a Singapore dollar is:

a. 18.34%

b. 15.50%

c. 17.05%

d. 20.17%

Q4. The US dollar has appreciated against Euro by 24% since the monetary policy change, how much has Euro depreciated against the US dollar?

a. 33.92%

b. 24.00%

c. 19.35%

d. 31.58%

Q5. A Singapore dollar (SGD) is worth 0.8794 Swiss francs (CHF). A Swiss franc sells for 4.4342 British pounds. Find the exchange rate between the Singapore dollar and the British pound.

a. GBP 3.8994/SGD

b. SGD 3.8994/GBP

c. SGD 5.0423/GBP

d. GBP 5.0423/SGD

Q6. Under the gold standard, if an ounce of gold is worth 37 US dollars and the French franc (FRF) is pegged to the US dollar at FRF 0.7876/USD. How much does an ounce of gold cost in French francs (FRF)?

a. 5.83

b. 29.14

c. 46.98

d. 30.6

Reference no: EM132920838

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