An Indirect Exchange Rate Can Be Converted to a Direct

question 60

Multiple Choice

An indirect exchange rate can be converted to a direct exchange rate by:

• A) dividing the indirect rate by the number of U.S. dollars required to purchase one unit of the other currency.
• B) dividing the indirect rate by 100.
• C) multiplying the indirect rate by the spot rate.
• D) taking the inverse of the indirect rate.

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Definitions:

Fructose

A simple sugar found in many plants that is sweeter than glucose and used in various foods and beverages.

Sorghum

A grain that serves as both food and fodder, known for its drought tolerance and nutritional value.

Nutrient-Rich Foods

Foods that contain high levels of vitamins, minerals, and other beneficial substances with relatively few calories.

Vitamins

Organic compounds that are essential in small amounts for maintaining normal metabolism and health.