Asked by Briana Goins on May 14, 2024
Verified
If the Australian dollar exchange rate in U.S. dollars is 0.903497, compute the amount in Australian dollars needed to purchase $200 in U.S. currency.
Exchange Rate
The worth of a currency when exchanging it for another currency.
Australian Dollars
The official currency of Australia, represented by the symbol AUD.
- Become conversant with the technique for currency conversion.
- Use exchange rates to evaluate the comparable financial value in an alternative currency.
- Perform basic mathematical operations to solve currency conversion problems.
Verified Answer
CM
Learning Objectives
- Become conversant with the technique for currency conversion.
- Use exchange rates to evaluate the comparable financial value in an alternative currency.
- Perform basic mathematical operations to solve currency conversion problems.