If the Exchange Rate Between Swiss Francs and British Pounds

question 127

Multiple Choice

If the exchange rate between Swiss francs and British pounds is 5 francs per pound,then the number of pounds that can be obtained for 200 francs equals:

• A) 20 pounds
• B) 40 pounds
• C) 60 pounds
• D) 80 pounds

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Definitions:

Discharge a Contract

The termination of a contractual obligation, either through fulfillment of the contract terms, mutual agreement, or other legal means.

Material Breach

A significant violation or failure to meet a contractual agreement, justifying termination of the contract by the other party.

Substantial

Of considerable importance, size, or worth; significantly large or of a degree that merits attention.

Nonbreaching Party

The party in a contractual agreement that has not failed to fulfill their obligations as set forth in the contract.