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On your post-graduation celebratory trip, you decide to travel from Germany to Russia

Finance

On your post-graduation celebratory trip, you decide to travel from Germany to Russia. You left Munich with 15,000 euros in your wallet. Wanting to exchange all of these for Russian rubles, you obtain the following quotes: 

Spot rate on the dollar/euro

$1.3214/€

Spot rate on the ruble/dollar

Rbl 30.96/$ 

What is the Russian Ruble/euro cross rate? How many Rubles will you obtain for your         euros?

Option 1

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2.96 USD

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Option 2

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