Suppose the Direct Foreign Exchange Rates in U

question 23

Multiple Choice

Suppose the direct foreign exchange rates in U.S.dollars are:
1 Singapore dollar = $0.7025
1 Cyprus pound = $2.5132
-Based on the information given above,how many Singapore dollars are required to purchase goods costing 10,000 US dollars?

• A)7,025
• B)14,235
• C)17,655
• D)2,975

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Definitions:

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