新用戶掃碼下載
掃碼下載APP
及時接收最新考試資訊及
備考信息
"economics"exercise:Cross exchange rate of SGD
學習是一個不斷積累的過程，每天學習一點，每天進步一點！為了幫助大家更高效地備考2021年CFA考試，正保會計網(wǎng)校每日為大家上新CFA習題供大家練習。讓網(wǎng)校與您一起高效備考2021年CFA考試，夢想成真！
Questions 1:
A New Zealand traveler returned from Singapore with SGD7,500 (Singapore dollars). A foreign exchange dealer provided the traveler with the following quotes:
The amount of New Zealand dollars (NZD) that the traveler would receive for his Singapore dollars is closest to:
A、 NZD7,248.
B 、NZD4,565.
C、 NZD7,761.
Questions 2:
A dealer report includes the following exchange rate details:
The expected CAD/CHF cross rate in one year is closest to:
A 、1.04.
B、 0.98.
C 、1.02.
View answer resolution
【Answer to question 1】A
【analysis】
A is correct. The NZD/SGD cross-rate is NZD/USD × USD/SGD = 0.7670 × 1.2600 = 0.9664. The traveler will receive: NZD0.9664 per SGD; NZD0.9664 × SGD7,500 = NZD7,248. B is incorrect. It calculates NZD/SGD incorrectly by inverting USD/SGD (0.7670 × 1/1.26 = 0.6087) and multiplying by 7,500 = 4,565 NZD. This is equivalent to incorrectly first converting to USD (1/1.26 × 7,500 SGD) to give 5,952 USD and then converting to NZD ($5,952 × 0.7670 NZD/$ = 4,565 NZD). C is incorrect. It calculates the cross rate correctly, but divides it into 7,500: 7,500/0.9664 = 7,761
【Answer to question 2】C
【analysis】
C is correct.
成功=時間+方法，自制力是這個等式的保障。世上無天才，高手都是來自刻苦的練習。而人們經(jīng)常只看到“牛人”閃耀的成績，其成績背后無比寂寞的勤奮。小編相信，每天都在勤奮練習，即使是一點點的進步，大家一定可以成為人人稱贊的“牛人”。
推薦閱讀
新用戶掃碼下載
京公網(wǎng)安備 11010802044457號
