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Moscow to Tokyo. After spending a week in Moscow you get an email from your friend in Japan. He can get you a very good deal on a plane ticket and wants you to meet him in Tokyo next week to continue your post-graduation celebratory trip. You have 447,000 rubles left in your money pouch. In preparation for the trip you want to exchange your Russian rubles for Japanese yen so you get the following quotes:
Spot rate on the rubles/dollar exchange rate Rbl31.08/$
Spot rate on the yen/dollar exchange rate ?¥84.09/$
a. What is the Russian ruble/yen cross rate?
b. How many yen will you obtain for your rubles?
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