Consider the following two exchange rates fro Malaysia and Taiwan: 0.249 USD/MYR

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Consider the following two exchange rates from
Malaysia and Taiwan:
0.249 USD/MYR
0.039 USD/TWD
What is the effective exchange for MYR to TWD,
i.e., TWD/MYR (assume you exchange MYR for
USD and then USD for TWD)?
Round your answer to 4 decimal places.
Transcribed Image Text:Consider the following two exchange rates from Malaysia and Taiwan: 0.249 USD/MYR 0.039 USD/TWD What is the effective exchange for MYR to TWD, i.e., TWD/MYR (assume you exchange MYR for USD and then USD for TWD)? Round your answer to 4 decimal places.
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