If the Direct Exchange Rate Between U

question 1

Multiple Choice

If the direct exchange rate between U.S.dollars and pounds sterling is USD1.50 = GBP1,how much should you be willing to pay to receive £350?

• A) $175.00
• B) $233.33
• C) $367.50
• D) $525.00

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Definitions:

Risks Involved

The potential negative consequences or uncertainties associated with actions, decisions, or activities that may lead to loss or undesirable outcomes.

Rigid Process

A fixed or inflexible procedure or set of rules that does not easily adapt to changes or exceptions.

Business Plan

A formal written document that describes in detail how a business, usually a new one, is going to achieve its goals and outlines the operational and financial strategies to accomplish them.

Outsourced

The practice of having certain job functions or tasks performed by external parties or companies rather than in-house staff.