You have just landed in Paris with AU$1 000 in your wallet. At the foreign exchange booth, you see that euros are being quoted at $1.54/€. How many euros can you exchange for your $1 000?

Question

Quizplus · Accepted Answer

To find out how many euros you can exchange, you need to divide your AUD by the exchange rate. 
1000 AUD divided by 1.54 (AUD/EUR) = 645.16 euros. Therefore, the answer is C.

You Have Just Landed in Paris with AU$1 000 in Your