At Current Exchange Rates It Takes 1

question 61

Multiple Choice

At current exchange rates it takes 1.3955 Canadian dollars to buy one euro (EUR) ,and 0.3188 Canadian dollars to buy one Malaysian ringgit (MYR) .What must the euro/ringgit exchange rate be in order to eliminate arbitrage opportunities?

• A)0.2284 EUR/MYR
• B)0.4449 EUR/MYR
• C)4.3774 EUR/MYR
• D)2.2478 EUR/MYR
• E)0.1639 EUR/MYR

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Definitions:

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Nervous System

The network of nerve cells and fibers that transmits nerve impulses between parts of the body, coordinating its actions and sensory information.

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