While on vacation in Europe, you decide to visit Britain. You estimate that you need 200 pounds for spending money in Britain. Use the sample exchange rates below to calculate how many euros you need to convert to pounds.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Vijay

While on vacation in Europe, you decide to visit Britain. You estimate that you need 200 pounds for spending money in
Britain. Use the sample exchange rates below to calculate how many euros you need to convert to pounds.
Sample Exchange Rates
Currency Pair
EURO-USD
Japan (yen) - USD
Britain (pound)- USD
Canada (dollar) - USD
Australia (dollar) - USD
200.00 euros
268.48 euros
O231.58 euros
O251.52 euros
Direct Rate (US/FC)
1.2744
0.0178
1.5867
0.9897
1.0068
Indirect Rate (FC/US)
0.7926
80.2142
0.6349
1.0104
0.9932
Transcribed Image Text:While on vacation in Europe, you decide to visit Britain. You estimate that you need 200 pounds for spending money in Britain. Use the sample exchange rates below to calculate how many euros you need to convert to pounds. Sample Exchange Rates Currency Pair EURO-USD Japan (yen) - USD Britain (pound)- USD Canada (dollar) - USD Australia (dollar) - USD 200.00 euros 268.48 euros O231.58 euros O251.52 euros Direct Rate (US/FC) 1.2744 0.0178 1.5867 0.9897 1.0068 Indirect Rate (FC/US) 0.7926 80.2142 0.6349 1.0104 0.9932
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