Use the information below to answer the questions that follow. U.S. $ EQUIVALENT

Question

Use the information below to answer the questions that follow. U.S. $ EQUIVALENT CURRENCY PER U.S. $ U.K. pound 1.8301 0.5464 Norway krone 0.1462 6.8399 Denmark krone 0.164 6.0976 Australia dollar 0.7002 1.4282 Canada dollar 0.7425 1.3468 Required : (a) If you have $8, how many U.K. pounds can you get? (Click to select)£4.54£14.64£4.59£4.15£4.37 (b) How much is one U.K. pound worth? (Click to select)$1.8301$1.9033$1.9216$0.5464$1.7386 (c) If you have 6 million U.K. pounds, how many dollars do you have? (Click to select)$3,278,509$10,980,600$10,431,570$11,529,630$11,419,824 (d) How many Norway krones can you get for a U.K. pound? (Click to select)13.0184 krones11.8918 krones13.1436 krones12.5177 krones3.7374 krones (e) What is the rate of the most valuable currency listed? (Click to select)$1.921605$1.756896$1.8301$1.903304$1.738595 (f) What is the rate of the least valuable currency listed? (Click to select)$0.1462$0.13889$0.15351$0.152048$0.140352

Explanation / Answer

A.

U.K POUND = $8 * 0.5464

= 4.3712 UK POUND

B./

1 UK POUND IS $1.8301

C./

6 MILLION U K POUND IS

= 6000000 * $1.8301

= $10980600

D./

KRONE PER U K POUND

= KRONE PER DOLLAR * DOLLAR PER U K POUND

= 6.8399 * 1.8301

= 12.5177 KRONES

E./

MOST VALUABLE CURRENCY IS U K POUND I;E $1.8301 PER U K POUND

F./

LEAST VALUABLE CURRENCY IS NORAWY KRONE I;E 0.1462 PER NORWAY KRONE

=

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