Find Out the Cross Rate Between US$ and British Pound

question 1

Multiple Choice

Find out the cross rate between US$ and British Pound Sterling(£) if the spot rate between British Pound Sterling and Japanese Yen is ¥121/£ and the spot rate between US$ and Japanese Yen is ¥85/$

• A)$1.52/£
• B)$1.42/£
• C)$)70/£
• D)£1.52/$

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Definitions:

Personality Research

The scientific study of characteristic patterns of thinking, feeling, and behaving, focusing on identifying and measuring individual differences.

Trait Approach

A theoretical framework in psychology focused on the analysis and classification of human characteristics and behavior patterns as stable traits.

Ethnic Identity

A person's sense of belonging to a particular ethnic group, incorporating cultural traditions, language, and feelings of kinship.

Ego Identity

A sense of self that develops through social interaction, as proposed by Erik Erikson, playing a crucial role in one's feelings of continuity and sameness across time.