If an American Can Purchase 40,000 British Pounds for $90,000

question 296

Multiple Choice

If an American can purchase 40,000 British pounds for $90,000, the dollar rate of exchange for the pound is

• A) $0.44.
• B) $0.23.
• C) $2.25.
• D) $2.00.

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Definitions:

Depression

A mental health disorder characterized by persistently low mood, loss of interest in activities, and a significant impairment in daily functioning.

Sulcus

A groove or furrow on the surface of the brain, often found between adjacent gyri.

Thoracic Cage

The bony framework of the chest, consisting of the ribs, sternum, and part of the spine, protecting vital organs such as the heart and lungs.

Sternum

A long, flat bone located in the center of the chest, connected to the ribs, forming the front part of the rib cage.