Country France Switzerland Spain England Foreign Exchange Spot Rate (in dollars)
ID: 1105154 • Letter: C
Question
Country France Switzerland Spain England Foreign Exchange Spot Rate (in dollars) 1 Euro = $1.25 1 SW Franc S .80 1 Euro$1.25 !pound =$1.85 in units of foreign exchange) $1 = 0.80 Euros SI = 1.25 SwF 10.80 Euros S1 0.54054 Pound ou just retumed from a four nation European tour and are tallying your expenses. following activities cost in dollars? How much did the Dollar Value Exchange Value 300 Euros answer sheet 5·Three meals at exclusive Parisian restaurants 6. Renting a Mercedes in 900 SwEran answer sheet Switzerland and motoring Through the Alps 7. Purchase of a leather coat 600 Euros answer sheet acket in Spain 8. Rail tour of England, Wales and Scotland 145 pounds answer sheet After Paris, you toured London. On Threadneedle Street you realized you still had 300 Euros in your wallet so you exchanged them for pounds at a local bank. 9. How many pounds did you receive? planning for the trip was to spend $4,000. At the time of your calculations six months before 10. Your budget your trip you estimated that at the then current exchange rate of 1 Euro 0 S you would have about 4,000 Euros to spend. If you did convert and spend your $4,000 much spending power did you lose from the time of planning to the actual trip? In Euros. sheet while abroad at current rates (from above chart), how answer 11. Does your answer in #10 represent an appreciation or depreciation of the US Dollar,--answer sheet 12 what was the %change in the value of the US Dollar in relation to the Euro between your planning phase and the actual trip in #10 indicate (+ or-and amount) answer sheet -- 13. When a U.S. tourists travels abroad, in terms of balance of trade accounts, (measured by the flow of dollars as payments or receipts for goods and services) is foreign travel by U.S. Citizens considered a U.S. Export or Import? answer sheet 14. When the U.S. Dollar appreciates/depreciates (chose one-answer sheet), U.S. goods and service Exports become more/less (chose one- answer sheet ) expensive and U.S. 1 one- answer sheet ) expensive. mports become moreless (chose Print Layout View Sec 1 Pages; 3 of 4Explanation / Answer
5. answer is 300*1.25 = $375 . Use the rate given 1euro = 1.25 dollar.
6. answer is 900*0.80 =$720
7 answer is 1.25*600 = $750
8answer is 145*1.85 = $268.25