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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 23

Question 23

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 Singapore dollars are required to purchase goods costing 10,000 US dollars?


A) 7,025
B) 14,235
C) 17,655
D) 2,975

Correct Answer:

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