At the Current Exchange Rate of $1

question 37

Multiple Choice

At the current exchange rate of $1.40 per British pound,a one-day pass to Worldwide Theme Park of Florida sells for 45 pounds at travel agencies throughout Great Britain.If the exchange rate increases to $1.70 per pound,what will happen to the price of a one-day pass sold in Great Britain?

• A)The price will be unchanged.
• B)The price will fall to 37 pounds.
• C)The price will increase to 54 pounds.
• D)The price will fall by 12 pounds.

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Definitions:

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The achievement or satisfaction of one's own abilities and possibilities, viewed as an innate desire or necessity in every individual.

Lifelong Involvement

Continuous engagement or participation in a particular activity, cause, or field of interest throughout one's life.

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The achievement of a goal or completion of a task through effort or skill.

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A member of the species Homo sapiens, characterized by advanced cognitive abilities and complex social behaviors.