The U.S.dollar equivalent is 0.4502 for the Brazilian real and 1.4729 for the UK pound.Which one of the following statements is correct given this information?
A) One U.S. dollar will buy 0.4502 Brazilian real.
B) If you have 0.4502 Brazilian real, it is worth 1.4729 UK pounds.
C) One UK pound will buy 1.4729 U.S. dollars.
D) One Brazilian real will buy 1.4729 UK pounds.
E) One U.S. dollar will buy 1.4729 UK pounds.
Correct Answer:
Verified
Q35: Suppose you could buy 1,320 South Korean
Q36: Which one of the following occurs when
Q37: Which one of the following statements is
Q38: Assume you can exchange $1 for either
Q39: Currently,you can exchange $1 for SF 1.14.Assume
Q42: The spot rate for the pound is
Q43: You are planning an extended trip to
Q44: The exchange rates in New York for
Q54: The foreign subsidiary of a U.S.firm is
Q57: Which one of the following is the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents