Business, 25.03.2020 21:33 GabbyLandry
After spending a week in Moscow, you get an email from your friend in India. He can get you a really good deal on a plane ticket and wants you to meet him in Mumbai next week to continue your global studies. You have 450,000 rubles left in your money pouch. In preparation for the trio you want to exchange your Russian rubles for Indian rupee at the Moscow airport:
Spot rate USD = 1.00 EUR (or $/€) 1.1280
Spot rate RUB = 1.00 USD (or R/$) 62.40
a. What is the Russian ruble to rupee cross rate?
b. How many Indian rupee will you obtain for your rubles?
This is all the information I was given.
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