You Just Returned from Some Extensive Traveling

question 58

Multiple Choice

You just returned from some extensive traveling.You started your trip with $10,000 in your pocket.You spent 1.32 million pesos in Chile where Ps1 = $.001642.You spent Ps36,000 in Uruguay where Ps1 = $.03526.Then on the way home,you spent Ps29,000 in Mexico where $1 = Ps18.8709.How many dollars did you have left by the time you returned to the U.S.?

• A)$3,889.07
• B)$4,001.84
• C)$4,110.27
• D)$5,026.44
• E)$4,299.03

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Definitions:

Expropriation

The act of a government taking private property for public use, usually with compensation.

Repatriation Of Capital

The process of converting foreign currency into the currency of one's own country and transferring it back, often applied to profits made from foreign investments.

Eurodollars

U.S. dollars deposited in banks in other countries.

Foreign Banks

Banks that are based in a country different from where they provide services or conduct operations.