Assume That Today You Can Exchange $1 for £

question 22

Multiple Choice

Assume that today you can exchange $1 for £.5926 and that last week, £1 was worth $1.6729. How much profit or loss would you now have in pounds if you had converted £100 into dollars last week and then converted the dollars back into pounds this week?

• A) £.86 loss
• B) £.39 loss
• C) £.07 loss
• D) £1.03 profit
• E) £1.59 profit

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Definitions:

American Companies

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The concern or anxiety individuals feel when they know they are being assessed or judged by others.

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Innovative or imaginative outcomes that solve problems or address challenges in unique and effective ways.

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A phenomenon where group processes inhibit individual members from contributing ideas or content simultaneously.