Suppose the Direct Foreign Exchange Rates in U

question 17

Multiple Choice

Suppose the direct foreign exchange rates in U.S. dollars are:
1 Singapore dollar = $.7025
1 Cyprus pound = $2.5132
Based on the information given above, how many U.S. dollars must be paid for a purchase of citrus fruits costing 10,000 Cyprus pounds?

• A) $25,132
• B) $15,132
• C) $3,979
• D) $35,775

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