Solved

Suppose the Direct Foreign Exchange Rates in U

Question 17

Multiple Choice

Suppose the direct foreign exchange rates in U.S. dollars are:
1 Singapore dollar = $.7025
1 Cyprus pound = $2.5132
Based on the information given above, how many U.S. dollars must be paid for a purchase of citrus fruits costing 10,000 Cyprus pounds?


A) $25,132
B) $15,132
C) $3,979
D) $35,775

Correct Answer:

verifed

Verified

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

Related Questions