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Foreign Exchange Rate · Question 8 of 50

Question 8

MediumOriginal question

If £1 = ₹105 and $1 = ₹84, then £1 is worth about

Options for question 8

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. £1 buys ₹105, and ₹105 buys 105 ÷ 84 dollars.

  2. 105 ÷ 84 = 1.25, so £1 ≈ $1.25.

Concept
Cross rate
Typical time
70 s
Your time
—
The rule this testsThe exchange rate
Practise this chapter →

Ten questions from Foreign Exchange Rate, at your own pace.

Practise this chapter →

Ten questions from Foreign Exchange Rate, at your own pace.