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The global context

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Question 4

An individual going on holiday to the United States exchanges £250 into US dollars when the exchange rate was 1.30 dollars to 1 pound. They spend 145 dollars and when they return from holiday exchange what they have left into pounds. By this point the exchange rate has changed to 1.20 dollars to 1 pound. How many pounds are they left with?

£138.46

£150.00

£180.00

£216.00

The global context Questions

  1. A Level
  2. /Economics
  3. /The global context