If an American Can Purchase 30,000 British Pounds for $105,000

question 126

Multiple Choice

If an American can purchase 30,000 British pounds for $105,000, the dollar rate of exchange for the pound is

• A)$3.50.
• B)$3.00.
• C)$0.29.
• D)$0.13.

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Definitions:

Exchange

The act of giving one thing and receiving another, especially of the same kind, such as goods, services, or ideas, in return.

Political Tactics

Strategies and maneuvers used within organizations to gain advantage or support for specific goals or interests.

Visibility

The degree to which activities, work, or processes are observable, transparent, or apparent to others.

Non-substitutability

The characteristic of being unique or irreplaceable, usually in the context of resources, skills, or roles within an organizational setting.