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If a University Student Wishes to Buy $1000 USD for Her

question 24

True/False

If a university student wishes to buy $1000 USD for her overseas trip and the current exchange rate with the AUD is AUD/USD = 0.5347, the amount of AUD she must pay is $1870.21.


Definitions:

Esters

Organic compounds derived from carboxylic acids where the hydrogen in the hydroxyl group is replaced by an alkyl or aryl group, often responsible for the aroma of fruits.

Transesterification

A chemical reaction in which an ester is transformed into another ester through the exchange of the alkoxy group.

Methyl Benzoate

An ester formed from methanol and benzoic acid, commonly used in perfumery and flavorings.

Sodium Ethoxide

A strong base formed by the reaction of ethanol with sodium metal, commonly used in organic synthesis.

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