To determine the U.S. dollar equivalent of an amount stated in a foreign currency, multiply the foreign currency by the direct exchange rate.

Question

Quizplus · Accepted Answer

The direct exchange rate tells you how much one unit of your currency is worth in foreign currency. To find the U.S. dollar equivalent of an amount in foreign currency, you multiply the foreign amount by the direct exchange rate (expressed as the amount of foreign currency one U.S. dollar can buy).

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