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The exchange rate between non-fixed currencies continuously fluctuates. The following chart shows the exchange rate of the pound sterling to the Japanese yen over a period of six days. Day £:¥ Monday 1:141.014 Tuesday 1:138.650 Wednesday 1:149.890 Thursday 1:144.209 Friday 1:148.176 Saturday 1:143.008 Tina has £72.90 to turn into yen. How much greater is the amount of yen she would receive if she made her trade on the most favorable day than if she made her trade on the least favorable day

Respuesta :

Answer: D

Explanation: just took it

The greater the amount she would receive if she traded on the most favorable day as opposed to the least favorable day is ¥819.396.

What is the difference in the value of the trade?

Exchange rate is the amount of one currency that is traded for another currency.

The most favorable time that the trade can be executed in when the yen has the highest value while the most unfavorable time the trade can be executed is when the yen would have the lowest value.

  • Most favorable trade : £72.90 x 149.890 = 10,926.98
  • Least favorable trade:  £72.90 x 138.650 = 10,107.59
  • Difference in trade =  10,926.98 -  10,107.59 = 819.396

To learn more about exchange rate, please check: https://brainly.com/question/25780725

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