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    Advanced Financial Accounting Study Set 5
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    Exam 11: Multinational Accounting: Foreign Currency Transactions and Financial Instruments
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    Suppose the Direct Foreign Exchange Rates in U
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Suppose the Direct Foreign Exchange Rates in U

Question 40

Question 40

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,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:

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