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At a rate of 1.40 dollars to the pound, which currency is the larger figure when converting between pounds and dollars?
A
The dollar figure is larger.
B
Divide the foreign amount by the exchange rate.
C
You are finding how many whole pounds the foreign amount contains.
D
£600 × 1.50 = $900.
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4.3.3 Calculate currency conversion Flashcards
26 flashcards on OCR GCSE Economics 4.3.3 Calculate currency conversion: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.