If the Indirect Exchange Rate Between French Francs and U

question 90

Multiple Choice

If the indirect exchange rate between French Francs and U.S.Dollars is 6.8/1, then the direct exchange rate between these currencies is:

• A)$.1471/FFr
• B)$/6.8FFr
• C)FFr/$6.8
• D)FFr/$.1471

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Definitions:

Time Per Unit

The average amount of time required to produce one unit of a product or service.

Learning Curves

A concept that illustrates how the time taken to complete a task decreases with an increasing number of trials or experiences, due to the increase in efficiency and skill.

Broad Categories

General classifications used to organize various items or concepts into wider groups.

100% Learning Curve

An idealized scenario where individuals or systems instantly achieve full proficiency or efficiency in a new task or process, without any learning time or efficiency improvement curve.