What Must Be Done to Divide Fractions

question 52

Multiple Choice

What must be done to divide fractions?

• A) Divide the numerators by the denominators
• B) Invert the divisor
• C) Multiply the numerators and the denominators
• D) Both A and B
• E) Both B and C

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Definitions:

U.S. Dollar Equivalent

The value of a foreign currency transaction converted into U.S. dollars at the current exchange rate.

Forward Contract

A financial agreement to buy or sell a specific asset at a predetermined price at a set time in the future.

Fair Value Hedge

A financial strategy used to offset the risk of changes in the fair value of a recognized asset or liability or an unrecognized firm commitment.

Rupee

The official currency of India, also used in other South Asian countries but may differ in value.