Currencies – U.S. dollar foreign-exchange rates. May 5, 2011 Country/currency………
ID: 2735590 • Letter: C
Question
Currencies – U.S. dollar foreign-exchange rates. May 5, 2011
Country/currency………..in US$..............per US$
British Pound……………….1.5347…………….0.6516
Norwegian Kroner……….0.1690……………..5.9173
Thai Baht……………………..0.0310……………..32.250
Jackson has 19,000 of Thai currency in his pocket and he desires British pounds. Which amount comes closest to the amount of Pounds he can exchange them for?
904 pounds
384 Pounds
364 Pounds
297 Pounds
399 Pounds
a.904 pounds
b.384 Pounds
c.364 Pounds
d.297 Pounds
e.399 Pounds
Explanation / Answer
He can convert 19,000 Thai baht into US$ 589 (19,000*0.031)
US $ can be converted into pound as shown below:
= $589/1.5347
= 384 pounds
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