General Maths Week 3 Quiz Exchange Rates

Quiz
•
Mathematics
•
10th - 12th Grade
•
Hard
Scott Leisemann
Used 25+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You're off to Japan! The bank sells Japanese yen for 87.85 and buys Japanese yen for 95.78. How many yen do you get for $1000?
8785 yen
9578 yen
87 850 yen
95 780 yen
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You're back from Japan! You've got 10 000 Japanese yen left over. The bank sells Japanese yen for 87.85 and buys Japanese yen for 95.78. How many Aussie dollars to you get?
$878 500
$113.83
$104.41
$957 800
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
To make money on a currency exchange transactions, banks
sell foreign currency at a high rate and buy at a low rate.
sell foreign currency at a low rate and buy at a high rate
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The bank is selling USD at a rate of 0.6765. To convert $100 AUD to USD I should
divide 100 by this rate
add 100 to this rate
subtract 100 from this rate
multiple 100 by this rate
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The bank is buying USD at a rate of 0.7344. I have $50USD. To convert back to AUD I should
divide 50 by this rate
add 50 to this rate
multiply 50 by this rate
wait for the rate to go up.
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
As an option to cash, many travellers use a TMC. What does this stand for?
Traveller Money Card
Travel Money Card
Today's Money Conversion
Take My Cash!
7.
MULTIPLE CHOICE QUESTION
20 sec • Ungraded
When I travel overseas I prefer to use
Cash
Travellers Cheques
IMT
TMC
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