Suncor Energy is an oil company that extracts oil in Alberta and sells its oil for U.S. dollars. Would Suncor want a high or low Canadian dollar relative to the U.S.?
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- Assume that a Malaysian commercial bank's bid quote of US dollar (USD) is RM4.1 and ask price is RM4.2. If you have ringgit, what is the amount of ringgit that you need to purchase 100,000 US dollars?Tom and Sue had W-2 earnings of $100,000 last year. They deposited $5,000 into each of their IRAs from money that was in their checking account. They also sold their five year old car for $1,000 less than it was worth. Due to a slow down in the housing market, the value of their home decreased by $25,000. What is their change in net worth? a. No change b. Minus $19,000 c. Minus $26,000 d. Plus $9,000 e. Plus $74,000TravelEz sells dollars at a rate of ($1.40)/(1 euro) and buys dollars at a rate of ($1.80)/(1 euro). At the beginning of a trip, Sophie exchanged $540.00 to get 300 euros. At the end of the trip she is left with 40 euros, so she exchanges the 40 euros back to dollars. How many dollars will Sophie get in exchange?