Question: (Spot exchange rates) If one euro is priced at bid 9.15 /ask 9.22 Swedish crowns, how many euros can you purchase for 50 Swedish crowns?
2. Spot exchange rate) Suppose the exchange rate between U.S. dollars and Japanese yen is $1 US = ¥79.1 JPY, and the exchange rate between the U.S. dollar and the British pound is $1 US = £0.64 GBP. What is the cross rate of Japanese yen to British pounds? (In other words, how many yen are needed to purchase 1 pound?)