Tasks

Since business people want to be paid in their own currency, it is necessary to understand how to convert one currency into other currencies. To convert currency it is necessary to know the exchange rates. Try to imagine a bank that will exchange one currency for another.

In this task, we will be concerned with changing dollars into the currency of six other countries. The actual exchange rates used were from December 2012 and December 2014. The prices of goods and services are current as of December 2014. Use the information below to fill in all of the required calculations.

Complete 7.02 How Much Does it Cost?

When you complete the task, submit it to 7.02 How Much Does it Cost? Dropbox.

Complete 7.02 Foreign Exchange Rates.

Task Directions:

For each situation, explain if supply and demand would increase, decrease, need to increase or need to decrease for A) US dollars and B) Foreign dollars.

When you complete the task, submit it to 7.02 Foreign Exchange Rates Dropbox.

Go to the Quizzes section and complete 7.02 Foreign Exchange Rates Quiz.

 

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