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Quiz: Exchange Rates

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Quiz: Exchange Rates

  • This topic has 3 replies, 2 voices, and was last updated 10 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • November 30, 2014 at 12:34 pm #214712
    Stefano
    Member
    • Topics: 23
    • Replies: 28
    • ☆☆

    Hi,

    another difficult question about exchange rates I am afraid ( I have little understanding of this area)

    The following are the exchange rate for sterling:

    Euro / £ 1.44
    Yen / £ 232.11
    US$ / £ 1.71

    How many Euros would you get to the US$?

    Thank you

    November 30, 2014 at 3:41 pm #214771
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54684
    • ☆☆☆☆☆

    1 GBP gets 1.44 euros

    1 GBP gets 1.71 US$

    So 1.44 euros = 1.71 US$

    So 1 US$ will get 1.44/1.71 = 0.8421 euros

    (Why do you not watch the free lecture on this?!)

    November 30, 2014 at 10:28 pm #214918
    Stefano
    Member
    • Topics: 23
    • Replies: 28
    • ☆☆

    Actually those are the only one I haven’t watched

    will definitely do so before the exam

    thank you

    December 1, 2014 at 8:54 am #214995
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54684
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
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