29 Jun Question If1 British pound can beexchan
Question
If1 British pound can beexchanged for 180centsof U.S. currency, what fraction should beused to computethe indirect quotation of the exchangerate expressed in British pounds?
A.1/180
B.1/.56
C.1.8/1
D.1/1.8
2. Supposethe direct foreign exchangerates in U.S.dollars are:
1 Singaporedollar =$.7025
1 Cyprus pound =$2.5132
Based on theinformationgivenabove, the indirectexchangeratesforthe Singaporedollarand the
Cyprus Pound (fromaU.S. perspective)are:
A.1.7655 Singaporedollarsand 1.4235 Cyprus pounds respectively.
B.0.2975 Singaporedollarsand 1.5132 Cyprus pounds respectively. C.2.1622 Singaporedollarsand 0.4625 Cyprus pounds respectively.
D.1.4235 Singaporedollarsand 0.3979 Cyprus pounds respectively.
3. Supposethe direct foreignexchangerates in U.S.dollars are:
1 Singaporedollar =$.7025
1 Cyprus pound =$2.5132
Based on theinformation givenabove, how manyU.S. dollars must be paid for apurchaseof citrus fruits costing10,000 Cyprus pounds?
A.$25,132
B.$15,132
C.$3,979
D.$35,775
4. Supposethe direct foreign exchangerates in U.S.dollars are:
1 Singaporedollar =$.7025
1 Cyprus pound =$2.5132
Based on theinformation givenabove, how manySingaporedollars arerequired to purchasegoods costing10,000 US dollars?
A.7,025
B.14,235
C.17,655
D.2,975
5. Upon arrival in Chile, Karen exchanged $1,000 ofU.S. currencyinto 480,000 Chilean Pesos. While returningafter her two month visit, she exchangedher remaining50,000 Pesos into $100 of U.S. currency. What amount of gain or alossdid Karenexperienceon the 50,000 pesos sheheld duringher visit and converted to U.S. dollars at thedeparturedate?
A.Loss of $4. B.Gain of $4.
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