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Dear fellow students,
By now you should be 30 Questions into your revision time, but if not, allow me to assist you. I will post as many past questions as I can and few brief comments. Feel free to do the questions and comment on any trouble areas.
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https://opentuition.com/wp-content/uploads/group-documents/17/1291576303-Q1-Arwin.pdf
https://opentuition.com/wp-content/uploads/group-documents/17/1291576365-Q2-CharmCo.pdf
https://opentuition.com/wp-content/uploads/group-documents/17/1291576424-Q3-TNG.pdf
https://opentuition.com/wp-content/uploads/group-documents/17/1291576484-Q4-BS.pdf
pls help me to clear the confusion on when to divide and multiply in converting exchange rates….I know its late..but …
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$/Pounds
If you’re going from the 1st currency ($s per question) to the 2nd currency (pounds per question) you divide. If you’re going from the 2nd to the 1st you multiply.US$1.6540-1.6590
Also, the first number in the spot is the “Bank Sells” rate and the second is the “Bank Buys rate”. Notice also the first is always lower than the second, that is because the bank sell less pound for more dollars and buys more dollars for less pound, in order to make a profit.Cheers
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hi
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