Suppose That Currently,1 British Pound Equals 1

question 48

Multiple Choice

Suppose that currently,1 British pound equals 1.98 U.S.dollars and 1 U.S.dollar equals 1.02 Swiss francs.How many Swiss francs are needed to purchase 1 pound?

• A)1.9691
• B)2.0196
• C)2.0701
• D)2.1218
• E)2.1749

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Definitions:

Price Appreciation

The increase in the value of an asset or investment over time.

Student-Teacher Ratio

A measure used to describe the number of students for every teacher in a school or educational institution, indicating class size.

Teaching Positions

Job opportunities or vacancies for educators in schools, colleges, or universities.

Preferred Shareholders

Investors who hold preferred shares in a company, giving them priority over common shareholders in dividend payments and assets during liquidation.