Exchange Rate Quote Convert the Following Indirect Quote to a Dollar

question 19

Multiple Choice

Exchange Rate Quote Convert the following indirect quote to a dollar direct quote: $1 = 2,150.4 Venezuelan Bolivar

• A) $0.00046503
• B) $4.65
• C) $1.465
• D) $2.1504

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Definitions:

Capital Gain Yield

The price appreciation component of the total return on an investment, calculated as the change in the price of the investment over a period of time.

Total Return

Represents the full return on an investment over a given time period, including capital gains, dividends, and interest.

Income Yield

The income returned on an investment, usually expressed as a percentage of the amount invested.

Cumulative Gain

The total amount of profit gained over a period of time from an investment or series of investments.