Compute the Number of Dollars That Can Be Bought with 1

question 98

Multiple Choice

Compute the number of dollars that can be bought with 1 million of each foreign currency units:
$1 = 3.9 Saudi Arabian riyal
$1 = 0.52 Philippine peso
$1 = 0.75 Latvian lat

• A) $258,410.26; $1,923,076.92; $1,333,888.33
• B) $256,410.26; $1,928,076.92; $1,333,333.33
• C) $256,410.26; $1,923,076.92; $1,333,333.33
• D) $258,410.26; $1,928,076.92; $1,333,333.33

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Definitions:

Global Organizations

Entities operating on an international scale, dealing with various cultures and regulatory environments, and managing operations across multiple countries.

Fund-Raising

A process of gathering voluntary contributions of money or other resources, typically for the purpose of supporting non-profit organizations, political campaigns, or other causes.

Philanthropy

The act of donating money, goods, services, and time to support a socially beneficial cause, aiming to improve human welfare.

Equity

The value of an ownership interest in property or a business, minus liabilities; in finance, it often refers to stocks or shares representing ownership in a corporation.