Deutsche Bank quotes bid–ask rates of $1.3005/€ - $1.3007/€ and ¥104.30 - 104.40/$. What would be Deutsche Bank's direct asking price of yen per euro?

What will be an ideal response?


The direct asking price of yen per euro (¥/€) is the amount of yen that the bank charges someone who is buying euros with yen. The bank would want this to be the same as the price at which it sells dollars for yen (the bank's ask price) times the price at which it sells euros for dollars (also the bank's ask price). Thus, the asking price of yen per euro should be
(¥104.40/$) ($1.3007/€) = ¥135.79/€

Business

You might also like to view...

Jason comments in passing that it would be nice to have so much vacation time. Joan thinks, “That’s odd--I haven’t taken vacation this month.” Jason and Joan are likely in which stage of the conflict process?

A. outcomes of conflict stage B. manifest conflict stage C. antecedents of conflict stage D. perceived/felt stage

Business

Sami Baker is hired by an office as a clerk. She is put on probation for three months. Her employer is concerned that she is not "getting it", but he offers her permanent employment

He makes it clear to her, however, that her performance will have to improve. Sami's work is still poor, but her boss says nothing further to her until, about three months later. At that time she makes a particularly serious mistake so he fires her on the spot. Which of the following statements is TRUE? A) Incompetence is cause for dismissal without notice. B) It was a condition in Sami's employment contract that her performance improves and since it didn't, her boss was justified in firing her. C) Sami was entitled to formal notice and an opportunity to improve her work. D) Since the employer did nothing in response to Sami's incompetence, he approved of it E) Both C and D

Business

Criminal acts have forced not only small but even large businesses into insolvency.

Answer the following statement true (T) or false (F)

Business

To see if a target host can be reached, you normally would send it an ICMP ________ message

A) echo request B) error advisement C) either A or B D) neither A nor B

Business