menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Advanced Financial Accounting Study Set 5
  4. Exam
    Exam 11: Multinational Accounting: Foreign Currency Transactions and Financial Instruments
  5. Question
    If 1 British Pound Can Be Exchanged for 180 Cents
Solved

If 1 British Pound Can Be Exchanged for 180 Cents

Question 47

Question 47

Multiple Choice

If 1 British pound can be exchanged for 180 cents of U.S.currency,what fraction should be used to compute the indirect quotation of the exchange rate expressed in British pounds?


A) 1/180
B) 1/.56
C) 1.8/1
D) 1/1.8

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q42: Robert Company sold inventory to an Australian

Q43: Tinitoys,Inc. ,a domestic company,purchased inventory from a

Q44: Spiraling crude oil prices prompted AMAR Company

Q45: On December 5,20X8,Texas based Imperial Corporation purchased

Q46: On December 1,20X8,Hedge Company entered into a

Q48: On December 1,20X8,Hedge Company entered into a

Q49: Heavy Company sold metal scrap to a

Q50: Tinitoys,Inc. ,a domestic company,purchased inventory from a

Q51: On December 1,20X8,Hedge Company entered into a

Q52: Suppose the direct foreign exchange rates in

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines