Suppose the Direct Foreign Exchange Rates in U

question 41

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, the indirect exchange rates for the Singapore dollar and the Cyprus Pound (from a U.S. perspective) are:

• A) 1.7655 Singapore dollars and 1.4235 Cyprus pounds respectively.
• B) 0.2975 Singapore dollars and 1.5132 Cyprus pounds respectively.
• C) 2.1622 Singapore dollars and 0.4625 Cyprus pounds respectively.
• D) 1.4235 Singapore dollars and 0.3979 Cyprus pounds respectively.

---

Definitions:

Labor Cooperation

A concept where employers and employees work together towards common goals, often leading to improved productivity and workplace harmony.

European Works Councils

Bodies representing the employees of multinational companies in Europe, facilitating the exchange of information and consultation on matters affecting workers in different countries.

Collective Bargaining

The process by which employers and unions negotiate wages, hours, and working conditions on behalf of the employees represented by the union.

North American Free Trade Agreement

An important trade deal aimed at reducing trading costs, increasing business investment, and helping North America be more competitive in the global marketplace, also known as NAFTA.