The Current Exchange Rates Show That C$1

question 253

Multiple Choice

The current exchange rates show that C$1.00 = £0.6370. If you have C$250, what is the equivalent amount in British pounds?

• A) £392.46
• B) £105
• C) £159.25
• D) £430.97
• E) £200

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Definitions:

Sales Revenue

Earnings a company secures through the sale of goods or services provided.

Sales Taxes Payable

The amount of sales tax collected from customers that has not yet been remitted to the relevant taxation authority, representing a liability.

Sales Revenue

The sum of money earned from the sales of goods or services that are fundamental to a company's main business activities.

Interest Charged

The cost incurred for borrowing money, calculated as a percentage of the total amount loaned.