Convert Each of the Following Indirect Quotes to Dollar Direct

question 25

Multiple Choice

Convert each of the following indirect quotes to dollar direct quotes:
- $1 = 805 Vietnam Dong
- $1 = 2,349.6 Venezuelan Bolivar
- $1 = 7.0523 South African Rand
$1 equals:

• A) 0.0012 Dong; 0.0004 Bolivar; 0.1418 Rand
• B) 0.0072 Dong; 0.004 Bolivar; 0.1418 Rand
• C) 0.0012 Dong; 0.004 Bolivar; 0.1478 Rand
• D) 0.0022 Dong; 0.0004 Bolivar; 0.1418 Rand

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Definitions:

Least Squares Line

A straight line that minimizes the sum of the squared differences between the observed values and the values predicted by the line.

Sales

The transactions involving the exchange of goods or services for money or value, typically measured over a particular period of time.

Advertising

The process or occupation involved in creating promotional content for goods or services.

Predicted Amount

The value estimated based on a model or regression equation representing the expected outcome.