How many dollars do you need to buy a Swedish Kronor (SEK) when ...

[Jramos095]

How many dollars do you need to buy a Swedish Kronor (SEK) when the exchange rate is 1 = 6.429 SEK?
 a. 0.016
  b. 1.056
  c. 0.649
  d. 0.156
  e. 1.56

Question 2

With flexible exchange rates, the imbalance between debits and credits arising from shifts in currency demand and/or supply is accommodated through special financial borrowings or reserve movements.
 a. True
  b. False
  Indicate whether the statement is true or false

[ladyjames123]

Answer to Question 1

d

Answer to Question 2

False

[Jramos095]

Thanks for the timely response, appreciate it

[bulacsom]

Excellent