Asked by ginii harry on Apr 24, 2024
Verified
If the Danish krone is listed under Foreign Currency in dollars as 0.199271, compute the amount of U.S. dollars necessary to buy 100 Danish krone.
Danish Krone
The official currency of Denmark, Faroe Islands, and Greenland.
U.S. Dollars
The legal tender of the United States, denoted by the symbol $.
Foreign Currency
Currency used in a country other than one's own, exchanged for goods, services, or to conduct financial transactions.
- Develop an understanding of how to perform currency conversions.
- Use exchange rates to deduce the corresponding amount in an alternative currency.
- Implement core mathematical principles for the solution of currency exchange problems.
Verified Answer
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Learning Objectives
- Develop an understanding of how to perform currency conversions.
- Use exchange rates to deduce the corresponding amount in an alternative currency.
- Implement core mathematical principles for the solution of currency exchange problems.