If One USDollar Sells for 0

question 94

Multiple Choice

If one U.S.dollar sells for 0.40 British pound,how many dollars should one British pound sell for?

• A) 2.7500
• B) 1.9750
• C) 2.1250
• D) 2.3250
• E) 2.5000

---

Definitions:

Fees Earned

Income generated from providing services or performing work for clients or customers.

Adjusting Entry

A journal entry made in accounting to record changes in revenue and expense accounts in order to match revenues and expenses to the period in which they occurred.

Cash Invested

Money that is put into a business or project with the expectation of generating income or profit.

Accrued Interest

Interest that has accrued but remains unpaid.