# 2024 – FIN 534 Quiz 10 week 11 Rating A 534 FIN QUIZ 10 CHAPTER 17 Question

FIN 534 Quiz 10 week 11 – 2024

## >question 2 2

Question 2 2 out of 2 points

Suppose hockey skates sell in Canada for 105 Canadian dollars, and 1 Canadian dollar equals 0.71 U.S. dollars. If purchasing power parity (PPP) holds, what is the price of hockey skates in the United States?

## >Question 3 2 out of 2 points

A box of candy costs 28.80 Swiss francs in Switzerland and \$20 in the United States. Assuming that purchasing power parity (PPP) holds, what is the current exchange rate?

## >suppose 90-day investments

Suppose 90-day investments in Britain have a 6% annualized return and a 1.5% quarterly (90-day) return. In the U.S., 90-day investments of similar risk have a 4% annualized return and a 1% quarterly (90-day) return. In the 90day forward market, 1 British pound equals \$1.65.

## Foreign exchange market

Suppose 144 yen could be purchased in the foreign exchange market for one U.S. dollar today. If the yen depreciates by 8.0% tomorrow, how many yen could one U.S. dollar buy tomorrow?

## >Question 15 2 out of 2 points Suppose that currently, 1 British pound equals 1.62 U.S. dollars and 1 U.S. dollar equals 1.62 Swiss francs. What is the cross exchange rate between the pound and the franc?

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