How Many British Pounds Would It Cost to Buy a Pair

question 61

Multiple Choice

How many British pounds would it cost to buy a pair of American designer jeans costing $45 if the exchange rate is 2.00 dollars per British pound?

• A) 22.5 British pounds
• B) 32.5 British pounds
• C) 12.5 British pounds
• D) 40 British pounds
• E) 30 British pounds

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Definitions:

Primarily Liable

Primarily liable refers to the party that is first and foremost responsible for fulfilling an obligation or compensating for a liability.

Secondarily Liable

Secondarily liable refers to a party's obligation to pay a debt or perform a duty if the primary party responsible fails to do so.

Reacquired

Refers to buying back previously sold or issued shares of a company's own stock or previously owned assets.

Discharged from Liability

The legal release of an individual or entity from any further responsibility for a debt or obligation.