Problem 4 Vietnamese Coffee Coyote Many people were surprised when Vietnam became the second largest coffee producing country in the world in recent years, second only to Brazil. The Vietnamese dong, VND or d, is managed against the U.S. dollar but is not widely traded. If you were a traveling coffee buyer for the wholeale market (a "coyote" by industry terminology), which of the following currency rates and exchange commission fees would be in your best interest if traveling to Vietnam on a buying trip?

Problem 4 Vietnamese Coffee Coyote Many people were surprised when Vietnam became the second largest coffee producing country in the world in recent years, second only to Brazil. The Vietnamese dong, VND or d, is managed against the U.S. dollar but is not widely traded. If you were a traveling coffee buyer for the wholeale market (a "coyote" by industry terminology), which of the following currency rates and exchange commission fees would be in your best interest if traveling to Vietnam on a buying trip?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Currency Exchange
Vietnamese bank rate
Saigon Airport exchange bureau rate
Hotel exchange bureau rate
Assuming an intial cash amount for exchange to dong of:
Page
Rate
d19,800
d19,500
d19,400
Problem 4 Vietnamese Coffee Coyote
Many people were surprised when Vietnam became the second largest coffee producing country in the world in recent
years, second only to Brazil. The Vietnamese dong, VND or d, is managed against the U.S. dollar but is not widely
traded. If you were a traveling coffee buyer for the wholeale market (a "coyote" by industry terminology), which of the
following currency rates and exchange commission fees would be in your best interest if traveling to Vietnam on a
buying trip?
4
$10,000.00
> of 6
Commission
2.50%
2.00%
1.50%

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