Compute how many dollars it would cost to buy an Edinburgh Woolen Mill sweater costing 50 British pounds for the following exchange rates? 
Definitions:
Premium Payment
The amount paid for an insurance policy, either regularly or as a lump sum.
Flood Insurance
A specific insurance coverage against property loss from flooding, typically required for buildings in designated flood-prone zones.
Pooling Of Risk
The practice of spreading financial risks among a large number of participants, thereby minimizing the overall impact to any single participant.
Diversification
The strategy of investing in a variety of securities in order to lower the risk involved with putting money into few investments.
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