Assume That 117

question 41

Multiple Choice

Assume that 117.964 JPY equal 1 USD. Also assume that 6.3261 ZAR equal 1 USD. How many Japanese yen (JPY) can you acquire in exchange for 2,500 South African rand (ZAR) ?

• A) 134 JPY
• B) 219 JPY
• C) 46,007 JPY
• D) 46,219 JPY
• E) 46,618 JPY

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Definitions:

Personal Property

Items owned by an individual or business that are movable and not permanently attached to land or buildings.

Loan Default

The failure to meet the legal obligations or conditions of a loan agreement, typically by not making the required payments on time.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, designed to harmonize the law of sales and other commercial transactions across states.

Security Agreement

An agreement in which the debtor gives the secured interest to the secured party.