Asked by Kashmala Soomro on Sep 24, 2024
Verified
An individual in the England wants to buy office equipment from England which costs $2,000.If the exchange rate is 1pound=$1.9,how much will the office equipment cost him in pounds?
A) 2,000 pounds
B) 1,800 pounds
C) 3,800 pounds
D) 1,053 pounds
Exchange Rate
The value of one currency for the purpose of conversion to another, reflecting the international market value of a nation's currency.
- Work out the cost of products in one currency by employing the exchange rate to adjust their price given in a different currency.
Verified Answer
NC
Nikki Crawley2 days ago
Final Answer :
D
Explanation :
To find the cost in pounds, divide the cost in dollars by the exchange rate: $2,000 / $1.9 = approximately 1,053 pounds.
Learning Objectives
- Work out the cost of products in one currency by employing the exchange rate to adjust their price given in a different currency.