Business Quiz

What is the exchange rate of US dollar to pound sterling if US$1.39 = £1?

• £1 buys US$1.39

• £1 buys US$0.72

• US$1 buys £0.72

• US$1 buys £1.39

How much will an Italian restaurant pay in euros for a US$2500 oven if the exchange rate is €1 = US$1.10?

• €2000

• €2500

• €2272.72

• €2750

What is the exchange rate of yuan to ringgit if RM1 = ¥1.58?

• RM1 buys ¥0.63

• RM1 buys ¥1.58

• ¥1 buys RM0.63

• ¥1 buys RM1.58

How much will Malaysian smartphone factory pay in ringgit for components costing ¥50 000 if the exchange rate is RM1 = ¥1.58?

• RM79 000

• RM31 646

• RM50 000

• RM25 000

What is the cost of £15 000 of lamb in euros for a Spanish supermarket if the exchange rate is £1 = €1.15?

• €16 500

• €13 000

• €17 250

• €18 000

What happens when a country's currency appreciates?

• It has no effect on its value

• It stays the same in value against another currency

• It goes down in value against another currency

• It goes up in value against another currency

What will be the cost of an Aston Martin DB11 in the USA if the pound sterling appreciates to £1 = US$1.50 and the car costs £147 900?

• US$250 000

• US$200 000

• US$207 060

• US$221 850