Chapter 21 International Corporate Finance

Student name:
1) The exchange rate is 1.15 Swiss francs per dollar. How many U.S. dollars are needed to
purchase 3,000 Swiss francs?
1)


A) $2,371.54
B) $3,029.35
C) $3,450.00
D) $3,029.35
E) $2,608.70
F) $3,720.00



Question Details
Difficulty : 1 Basic
Topic : Exchange rates
Learning Objective : 21-01 Define how exchange rates are quoted, what they mean, and the difference b
Section : 21.2 Foreign Exchange Markets and Exchange Rates
AACSB : Analytical Thinking
Accessibility : Screen Reader Compatible
Accessibility : Keyboard Navigation
Bloom's : Understand




2) The exchange rate is .7735 U.S. dollars per Brazilian real. How many U.S. dollars are
needed to purchase 11,800 Brazilian reals?
2)


A) $9,397.30
B) $13,868.48
C) $9,127.30
D) $12,191.32
E) $15,255.33

,Question Details
Difficulty : 1 Basic
Topic : Exchange rates
Learning Objective : 21-01 Define how exchange rates are quoted, what they mean, and the difference b
Section : 21.2 Foreign Exchange Markets and Exchange Rates
AACSB : Analytical Thinking
Accessibility : Screen Reader Compatible
Accessibility : Keyboard Navigation
Bloom's : Understand




3) You are planning a trip to the United Kingdom and expect that you will spend 1,500
pounds. How much will your spending be in U.S. dollars if the exchange rate is .7143 pounds per
dollar?
3)


A) $1,909.05
B) $2,099.96
C) $1,341.45
D) $1,585.70
E) $1,071.45



Question Details
Difficulty : 1 Basic
Topic : Exchange rates
Learning Objective : 21-01 Define how exchange rates are quoted, what they mean, and the difference b
Section : 21.2 Foreign Exchange Markets and Exchange Rates
AACSB : Analytical Thinking
Accessibility : Screen Reader Compatible
Accessibility : Keyboard Navigation
Bloom's : Understand




4) You just returned from a trip to Italy and have 675 euros remaining. How many dollars
will you receive when you return home if the exchange rate is .9222 euros per U.S dollar?
4)

, A) $709.17
B) $731.95
C) $648.74
D) $775.00
E) $622.48



Question Details
Difficulty : 1 Basic
Topic : Exchange rates
Learning Objective : 21-01 Define how exchange rates are quoted, what they mean, and the difference b
Section : 21.2 Foreign Exchange Markets and Exchange Rates
AACSB : Analytical Thinking
Accessibility : Screen Reader Compatible
Accessibility : Keyboard Navigation
Bloom's : Understand




5) Your German friend has decided to come visit you in the U.S. You estimate the cost of
her trip will be $3,825. What is the cost of her trip in euros if the U.S. dollar equivalent of the
euro is 1.1467?
5)


A) €4,386.13
B) €3,335.66
C) €3,160.10
D) €3,450.68
E) €4,105.56



Question Details
Difficulty : 1 Basic
Topic : Exchange rates
Learning Objective : 21-01 Define how exchange rates are quoted, what they mean, and the difference b
Section : 21.2 Foreign Exchange Markets and Exchange Rates
AACSB : Analytical Thinking
Accessibility : Screen Reader Compatible
Accessibility : Keyboard Navigation
Bloom's : Understand

, 6) You can exchange $1 for either .8926 euro or .7169 British pounds. What is the cross-rate
in terms of pounds per euro?
6)


A) £.6399/€
B) £1.2451/€
C) £.8032/€
D) £.7139/€
E) £1.1493/€



Question Details
Difficulty : 1 Basic
Topic : Exchange rates
Learning Objective : 21-01 Define how exchange rates are quoted, what they mean, and the difference b
Section : 21.2 Foreign Exchange Markets and Exchange Rates
AACSB : Analytical Thinking
Accessibility : Screen Reader Compatible
Accessibility : Keyboard Navigation
Bloom's : Understand




7) You can exchange $1 for either Can$1.1375 or ¥113.29. What is the cross-rate between
the Canadian dollar and Japanese yen?
7)


A) Can$99.5956/¥
B) Can$.0093/¥
C) Can$88.5294/¥
D) Can$.0100/¥
E) Can$128.8674/¥