Use the following information to answer questions 1-2. Below is an excerpt from Table 22-1, The Globalization of Product and Financial Markets, that appears in your text. Values are foreign exchange rates reported in The Wall Street Journal.
U.S. $ equivalent Currency per U.S. $
Country Mon. Mon.
India (Rupee) 0.03137 31.88
Britain (Pound) 1.5615
30-day Forward 1.5609
90-day Forward 1.5605
180-day Forward 1.5603
Canada (Dollar) 0.7265 1.3765
30-day Forward 0.7256 1.3782
90-day Forward 0.7236 1.3820
180-day Forward 0.7196 1.3896
Sweden (Koruna) 0.18848 5.3055
30-day Forward 0.18829 5.3110
90-day Forward 0.18809 5.3167
180-day Forward 0.18795 5.3205
01. To buy one Indian Rupee you would need:
02. The number of pounds you can purchase per U.S. dollar is:
Use the following information to answer questions 01-02. Below is an excerpt from Table 22-1, The Globalization of Product and Financial Markets, that appears in your text. Values are foreign exchange rates reported in The Wall Street Journal.
U.S. $ equivalent Currency per U.S. $
Country Mon. Mon.
India (Rupee) 0.03137 31.88
Britain (Pound) &nb
