Asked by matheus castro on May 10, 2024
Verified
If the Brazilian real is valued at 0.449049 per U.S. dollar, how much would an American import company pay in U.S. dollars for merchandise valued at 868,300 pounds?
Brazilian Real
The official currency of Brazil, abbreviated as BRL, and made up of 100 centavos.
U.S. Dollar
The currency of the United States, widely used globally as a standard of exchange and a reserve currency.
Merchandise Valued
The estimated worth or price of goods that are bought and sold in business transactions.
- Delve into the essential doctrines of currency exchange and their execution in the arena of international commerce.
- Determine the monetary obligation for international dealings conducted in a separate currency.
Verified Answer
LL
Learning Objectives
- Delve into the essential doctrines of currency exchange and their execution in the arena of international commerce.
- Determine the monetary obligation for international dealings conducted in a separate currency.