{"id":43234,"date":"2025-06-29T16:08:24","date_gmt":"2025-06-29T16:08:24","guid":{"rendered":"https:\/\/gaviki.com\/blog\/?p=43234"},"modified":"2025-06-29T16:08:25","modified_gmt":"2025-06-29T16:08:25","slug":"use-the-currency-exchange-rates-in-the-table-for-the-following-question","status":"publish","type":"post","link":"https:\/\/gaviki.com\/blog\/use-the-currency-exchange-rates-in-the-table-for-the-following-question\/","title":{"rendered":"Use the currency exchange rates in the table for the following question."},"content":{"rendered":"\n

Use the currency exchange rates in the table for the following question. You arrive in London with<\/p>\n\n\n\n

    \n
  1. (If your answer. Round to two decimal places as needed.) Dollars per Foreign per Currency Foreign Dollar British pound 1.414 0.7072 Canadian dollar 0.7834 1.277 European euro 1.256 0.7965 Japanese yen 0.01007 99.34 Mexican peso 0.06584 15.19<\/li>\n<\/ol>\n\n\n\n

    The Correct Answer and Explanation is:<\/mark><\/strong><\/p>\n\n\n\n

    You have 540 dollars, and you want to convert it to British pounds using the given exchange rate. According to the table, the exchange rate from dollars to pounds is 0.7072, meaning that 1 dollar is equivalent to 0.7072 British pounds.<\/p>\n\n\n\n

    To convert 540 dollars to pounds, you simply multiply the amount in dollars by the exchange rate:540\u2009dollars\u00d70.7072\u2009poundsdollar=381.888\u2009pounds540 \\, \\text{dollars} \\times 0.7072 \\, \\frac{\\text{pounds}}{\\text{dollar}} = 381.888 \\, \\text{pounds}540dollars\u00d70.7072dollarpounds\u200b=381.888pounds<\/p>\n\n\n\n

    Now, round the result to two decimal places:381.888\u2009pounds\u2248381.89\u2009pounds381.888 \\, \\text{pounds} \\approx 381.89 \\, \\text{pounds}381.888pounds\u2248381.89pounds<\/p>\n\n\n\n

    So, if you arrive in London with 540 dollars, you will have approximately 381.89 British pounds<\/strong>.<\/p>\n\n\n\n

    Explanation:<\/h3>\n\n\n\n

    When converting currency, it’s important to understand the exchange rate, which tells you how much of the foreign currency you will get for each unit of your own currency. In this case, the exchange rate tells you that for each dollar you exchange, you will receive 0.7072 pounds. By multiplying the number of dollars you have by this rate, you get the equivalent amount in pounds. Always make sure to round your final answer to the required decimal places, which is usually two for most currencies.<\/p>\n\n\n\n

    \"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

    Use the currency exchange rates in the table for the following question. You arrive in London with The Correct Answer and Explanation is: You have 540 dollars, and you want to convert it to British pounds using the given exchange rate. According to the table, the exchange rate from dollars to pounds is 0.7072, meaning […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-43234","post","type-post","status-publish","format-standard","hentry","category-quiz-questions"],"_links":{"self":[{"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/posts\/43234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/comments?post=43234"}],"version-history":[{"count":1,"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/posts\/43234\/revisions"}],"predecessor-version":[{"id":43236,"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/posts\/43234\/revisions\/43236"}],"wp:attachment":[{"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/media?parent=43234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/categories?post=43234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/tags?post=43234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}