Suppose the direct foreign exchange rates in U.S. dollars are:
1 Singapore dollar = $.7025
1 Cyprus pound = $2.5132
Based on the information given above, how many U.S. dollars must be paid for a purchase of citrus fruits costing 10,000 Cyprus pounds?
A) $25,132
B) $15,132
C) $3,979
D) $35,775

Question

Quizplus · Accepted Answer

To find the cost in U.S. dollars for 10,000 Cyprus pounds, multiply the amount in Cyprus pounds by the exchange rate: 10,000 Cyprus pounds * $2.5132 = $25,132.

Suppose the Direct Foreign Exchange Rates in U