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A. Suppose the exchange rate between the U.S. dollar and the Swedish krona is 10 krona = $1.00, and the exchange rate between the dollar and the British pound is £1 = $1.50. What is the exchange rate between the Swedish krona and the British pound? _____ kronas per pound
B. You observe the following exchange rates: In the spot market, 1 euro equals 0.88 U.S. dollar. In the spot market, 1 Canadian dollar equals 0.70 euro. In the 3-month forward market, 1 euro equals 0.75 U.S. dollar. In the 3-month forward market, 1 euro equals 1.21 Canadian dollars. What is the spot exchange rate between the U.S. dollar and the Canadian dollar? US $______ per 1 Canadian dollar
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