Compute the Number of Dollars That Can Be Bought with 2

question 49

Multiple Choice

Compute the number of dollars that can be bought with 2 million of each foreign currency units:
• $1 = 19,005 Vietnam dong
• $1 = 2,949.6 Venezuelan bolivar
• $1 = 7.9523 South African rand

• A)$105.24; $678.06; $251,499.57
• B)$108.24; $678.06; $251,489.57
• C)$108.24; $675.06; $251,499.57
• D)$105.24; $675.06; $251,489.57

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Definitions:

Macro Risk

The potential for financial loss in markets that arises from adverse changes in macroeconomic conditions.

Micro Risk

A type of risk that affects a very small segment of the market or an individual company, as opposed to the entire economy or financial system.

Unanticipated Events

Occurrences or outcomes that were not expected or predicted, often causing significant impact on plans or expectations.

Firm-Specific Events

Occurrences that affect only a particular company or industry, in contrast to market-wide events that impact the broader economy or financial markets.