If the Exchange Rate Between Swiss Francs and British Pounds

question 127

Multiple Choice

If the exchange rate between Swiss francs and British pounds is 5 francs per pound,then the number of pounds that can be obtained for 200 francs equals:

• A) 20 pounds
• B) 40 pounds
• C) 60 pounds
• D) 80 pounds

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Definitions:

Inventory Turnover

A financial metric that measures the rate at which a company sells and replaces its stock of goods over a period, indicating efficiency in sales and inventory management.

Interest Earned

The income received from investing in interest-bearing financial instruments or accounts.

Net Income

The total profit or loss of a business after all expenses, taxes, and costs have been subtracted from total revenue.

Interest Expense

The cost incurred by an entity for borrowed funds over a specific period, including loans, bonds, or lines of credit.