Question: Jumping to Japan. After spending a week in Moscow you get an email from your friend in Japan. He can get you a very good deal on a plane ticket and wants you to meet him in Osaka next week to continue your post-graduation celebratory trip. You have 450,000 rubles left in your money pouch. In preparation for the trip you want to exchange your Russian rubles for Japanese yen so you get the following quotes:
Spot rateon the rubles/dollar cross rate Rbl30.96/$
Spot rateon the yen/dollar cross rate ¥84.02/$
a. What is the Russian ruble/yen cross rate?
b. How many yen will you obtain for your rubles?