leasincobe322 leasincobe322
  • 10-11-2017
  • Business
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If the closing point/world bank index ratio is constant, what would the world bank index have been for yen yesterday?

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meerkat18
meerkat18 meerkat18
  • 23-11-2017

To solve for the World Bank index for yen yesterday we should first look at Yen’s current standing. So today the World Bank Index of yen is 0.38 and the constant World Bank Index is 0.40 with -0.03 a day. So for today’s index we have 0.38/0.40=0.95. To compare it with yesterday’s x/0.43=0.95. Which will give us the answer that x=0.4085 or 0.41.

 

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