Solve the Problem. -Recently, One U.S. Dollar Was Worth About 0.6158 British Pounds

question 27

Multiple Choice

Solve the problem.
-Recently, one U.S. dollar was worth about 0.6158 British pounds. How much would a car have cost in U.S. dollars that cost 8930 British pounds?

• A)$4384.63
• B)$14,501.46
• C)$16,817.33
• D)$5499.09

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Definitions:

Investment

The allocation of resources, usually financial, into assets or projects expected to yield future profits or revenue.

Debt Finance

Raising capital through the borrowing of funds to be paid back at a later date, often with interest.

Equity Finance

A method of raising capital by selling company shares to investors, in exchange for ownership interest.

Bonds

Financial instruments issued by governments or corporations to raise funds, representing a loan made by the investor to the issuer, typically paying periodic interest and returning the principal at maturity.