Convert the Following Direct Quote to a Dollar Indirect Quote

question 31

Multiple Choice

Convert the following direct quote to a dollar indirect quote: 1 Indian rupee = $0.02250

• A) 0.02250 rupee
• B) 0.9775 rupee
• C) 1.0225 rupee
• D) 44.44 rupee

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Definitions:

Depression

A prolonged period of significant economic downturn characterized by a substantial decline in output and employment, usually more severe than a recession.

Federal Budget

An annual statement of the United States government's expenditures and revenues, detailing the allocation of resources among various federal agencies and programs.

Aggregate Demand

The sum of desires for goods and services in an economy, assessed at an established overall price level and during a distinct period.

Transfer Payments

Financial distributions without the requirement of goods or services in return, such as welfare or social security.