If an Australian exporter receives US$23 120 in payment for goods and the exchange rate is A$1 = US$0.5150 how many Australian dollars will it buy?

Name: If an Australian exporter receives US$23 120 in payment for goods and the exchange rate is A$1 = US$0.5150 how many Australian dollars will it buy?
Brand: Quizplus
Rating: 4.8 (54 reviews)

Question

Quizplus · Accepted Answer

To find out how many Australian dollars the exporter will receive, we need to divide the US dollar amount by the exchange rate:
US$23,120 ÷ 0.5150 = A$44,893.20
Therefore, the answer is B.

If an Australian Exporter Receives US$23 120 in Payment for Goods