How Many Australian Dollars Can One US Dollar Buy If

question 49

Multiple Choice

How many Australian dollars can one US dollar buy if the exchange rate is A$1 = US$0.782?

• A)$1.28
• B)$1.32
• C)$1.00
• D)$0.782

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Definitions:

Disclaim

A legal term used when one renounces their right or claim to something, often to avoid liability.

Truth-in-Lending Act

A legislation at the federal level aimed at encouraging the knowledgeable use of consumer credit through mandated disclosures regarding its conditions and expenses.

Reasonable Rate

A fair or acceptable price or cost for goods, services, or obligations, often influenced by market conditions or regulation.

Federal Reserve Board

The governing body of the Federal Reserve System, responsible for overseeing the United States' monetary policy and regulating banks.