Exchange Rate Quote Convert the Following Indirect Quote to a Dollar

question 67

Multiple Choice

Exchange Rate Quote Convert the following indirect quote to a dollar direct quote: $1 = 3.8249 Saudi Arabian Riyal

• A) $0.2614
• B) $4.8249
• C) $0.38249
• D) $1.00

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Definitions:

Microsoft

A global technology company founded by Bill Gates and Paul Allen, known for its software products, including the Windows operating system and Office suite.

Deregulation

The process of converting a regulated firm or industry into an unregulated firm or industry.

Airlines

Companies that provide air transport services for traveling passengers and freight, playing a crucial role in global connectivity and commerce.

Trucking

The transportation of goods and products by large vehicles known as trucks, playing a crucial role in supply chain and logistics.