Convert Each of the Following Indirect Quotes to Dollar Direct

question 2

Multiple Choice

Convert each of the following indirect quotes to dollar direct quotes:
$1 = 4.01 Saudi Arabian riyal
$1 = 62.05 Philippine peso
$1 = 0.76 Latvian lat
$1 equals:

• A) 0.25 riyal; 0.02 peso; 1.32 lat
• B) 0.45 riyal; 0.07 peso; 1.32 lat
• C) 0.45 riyal; 0.06 peso; 1.76 lat
• D) 0.45 riyal; 0.07 peso; 1.76 lat