Multiple Choice
You just received a gift from a friend consisting of 1,000 Thai baht, which you would like to exchange for Australian dollars (A$) . You observe that exchange rate quotes for the baht are currently $.023, while quotes for the Australian dollar are $.576. How many Australian dollars should you expect to receive for your baht?
A) A$39.93.
B) A$25,043.48.
C) A$553.00.
D) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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