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Global Business Today 8th Edition by Charles Hill
Edition 8ISBN: 978-0078112621Global Business Today 8th Edition by Charles Hill
Edition 8ISBN: 978-0078112621 Exercise 11
The Foreign Exchange Market
Use the globalEDGE Resource Desk (http://globaledge.msu.edu/Reference-Desk) to complete the following exercises:
You are assigned the duty of ensuring the availability of 10 billion Swiss francs for a payment scheduled for tomorrow. Your company possesses only U.S. dollars, so you must identify a website that provides real-time exchange rates and charts and find the spot exchange rate for Swiss francs. How many dollars do you have to spend to acquire the amount of francs required?
Use the globalEDGE Resource Desk (http://globaledge.msu.edu/Reference-Desk) to complete the following exercises:
You are assigned the duty of ensuring the availability of 10 billion Swiss francs for a payment scheduled for tomorrow. Your company possesses only U.S. dollars, so you must identify a website that provides real-time exchange rates and charts and find the spot exchange rate for Swiss francs. How many dollars do you have to spend to acquire the amount of francs required?
Explanation
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Using the web site www.xe.com the curren...
Global Business Today 8th Edition by Charles Hill
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