Convert each of the following indirect quotes to dollar direct quotes:
$1 = 3.95 Saudi Arabian riyal
$1 = 41.45 Philippine peso
$1 = 0.58 Latvian lat
$1 equals:
A) 0.22 riyal; 0.02 peso; 1.75 lat
B) 0.25 riyal; 0.02 peso; 1.72 lat
C) 0.38 riyal; 0.05 peso; 1.72 lat
D) 0.38 riyal; 0.02 peso; 1.95 lat
Correct Answer:
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