Multiple Choice
Suppose the direct foreign exchange rates in U.S.dollars are:
1 Singapore dollar = $0.7025
1 Cyprus pound = $2.5132
-Based on the information given above,the indirect exchange rates for the Singapore dollar and the Cyprus Pound (from a U.S.perspective) are:
A) 1.7655 Singapore dollars and 1.4235 Cyprus pounds respectively.
B) 0.2975 Singapore dollars and 1.5132 Cyprus pounds respectively.
C) 2.1622 Singapore dollars and 0.4625 Cyprus pounds respectively.
D) 1.4235 Singapore dollars and 0.3979 Cyprus pounds respectively.
Correct Answer:

Verified
Correct Answer:
Verified
Q9: Company X denominated a December 1,20X9,purchase of
Q10: Taste Bits Inc.purchased chocolates from Switzerland for
Q11: On December 1,20X8,Merry Corporation acquired 10 deep
Q12: On December 1,20X8,Hedge Company entered into a
Q13: Mint Corporation has several transactions with foreign
Q15: On March 1,20X8,Wilson Corporation sold goods for
Q16: Quantum Company imports goods from different countries.Some
Q17: Corporation X has a number of exporting
Q18: Chicago based Corporation X has a number
Q19: Spartan Company purchased interior decoration material from