If the €/$ Exchange Rate Is $1

question 24

Multiple Choice

If the €/$ exchange rate is $1.2267/€ and the $/£ exchange rate is $1.7894/£,what is the €/£ exchange rate?

• A) 2.1951
• B) 1.4587
• C) 0.6855
• D) 2.9564

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Definitions:

Strategy

A plan of action designed to achieve a long-term or overall goal.

CEO

Chief Executive Officer; the highest-ranking executive in a company, responsible for making major corporate decisions and managing overall operations.

Board of Directors

A group of individuals elected by shareholders to oversee the management and make major decisions for a company.

Corporate Level

Corporate level refers to the highest layer of strategic decision-making in an organization that affects the entire company.