Compute the Number of Dollars That Can Be Bought with 2

question 97

Multiple Choice

Compute the number of dollars that can be bought with 2 million of foreign currency units: $1 = 48.210 Philippine peso

• A) $41,485.16905
• B) $1,959,439.60
• C) $414,851.6905
• D) $4,148,516.905

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Definitions:

Percent

A mathematical term that represents a fraction of 100, used to describe proportions or comparisons between quantities.

Financial Assets

Assets that derive their value from contractual claims, such as stocks, bonds, bank deposits, and other investments.

Bonds

Debt securities issued by entities (governments or corporations) to raise capital, promising to pay back with interest at a specified date.

Stocks

Shares of ownership in a corporation, giving holders a claim on part of the company's assets and profits.