If Spot USD/HKD Is 7

question 164

Multiple Choice

If spot USD/HKD is 7.7600 and USD/SGD is 1.2350, what is SGD/HKD?

• A) 9.5836
• B) 6.2834
• C) 0.1591
• D) 0.1043

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Definitions:

Gift

A voluntary transfer of property or funds from one person to another without the expectation of receiving something in return.

Stock in Corporation

Shares representing ownership in a corporation, entitling the holder to dividends and certain rights under the corporation's governance.

Bailment

A legal relationship where one party temporarily transfers possession of property to another, under the agreement that the property will be returned.

Operates

To run or control the functioning of a system, machine, process, or organization.