Question 4 The following are the prices quoted by a forex counter of CIMC Bank in Malaysia: We buy We sell 1 United States Dollar (USD) 1 Great British Pound (GBP) 1 Singapore Dollar (SGD) 100 Taiwanese Dollar (TWD) 4.1060 4.2410 5.1040 5.3240 2.9400 3.0870 12.50 13.98 100 Hongkong Dollar (HKD) 51.80 54.80

Question 4 The following are the prices quoted by a forex counter of CIMC Bank in Malaysia: We buy We sell 1 United States Dollar (USD) 1 Great British Pound (GBP) 1 Singapore Dollar (SGD) 100 Taiwanese Dollar (TWD) 4.1060 4.2410 5.1040 5.3240 2.9400 3.0870 12.50 13.98 100 Hongkong Dollar (HKD) 51.80 54.80

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

Alan, a businessman would like to transfer USD250,000 to his branch office in London.
Determine how much GBP would be received by the account of Alan’s branch office in London.

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