Suppose the direct foreign exchange rates in U.S.dollars are:
1 Singapore dollar = $0.7025
1 Cyprus pound = $2.5132
-Based on the information given above,how many Singapore dollars are required to purchase goods costing 10,000 US dollars?
A)7,025
B)14,235
C)17,655
D)2,975

Question

Quizplus · Accepted Answer

To purchase goods costing 10,000 US dollars with Singapore dollars, you divide the amount in US dollars by the exchange rate of Singapore dollars to US dollars. So, 10,000 / 0.7025 = 14,235 Singapore dollars.

Suppose the Direct Foreign Exchange Rates in U