logo
menu
Sign up
  1. Topics
  2. Business
  3. Foundations of Financial Management Study Set 5
  4. Quiz 21: International Financial Management

You Are Leaving Mexico and Have 3,500 Pesos to Change

Question 10
Multiple Choice

You are leaving Mexico and have 3,500 pesos to change into dollars. The exchange rate is now 1,500 pesos to the dollar. How many dollars will you receive? A) $0.43 B) $2.33 C) $23.33 D) $30.00

Related questions
Q 11
The interplay between interest rate differentials and exchange rates such that each adjusts until the foreign exchange market and the money market reach equilibrium is called the: A) Purchasing Power Parity Theory. B) Balance of Payments. C) Interest Rate Parity Theory. D) Money Differential Parity.
Q 12
Which of the following hedging strategies is not used to minimize transaction exposure? A) Eurobond market B) Forward exchange market C) Money market D) Currency futures market
Q 13
The current spot exchange rate between the Japanese yen and the Canadian dollar is 105/$. The yen is expected to appreciate by 5% against the dollar over the next six months. What do you expect the spot exchange rate between the yen and the dollar to be six months from now? A) 94.50/$ B) 99.75/$ C) 110.25/$ D) 115.50/$
logo
QuizPlus
  • About
  • How it work
  • Pricing
Links
  • Privacy Policy
  • Terms And Conditions
  • Refund Policy
Contact Us
  • info@quizplus.com
© 2020-2021 Cozyplus FZ LLC. All rights reserved