If the exchange rate between GBP and USD is 0.8512GBP per USD and the exchange rate between the USD and AUD is 0.7274USD per AUD, the price of British pound in terms of Australia dollar is closest to
Question
If the exchange rate between GBP and USD is 0.8512GBP per USD and the exchange rate between the USD and AUD is 0.7274USD per AUD, the price of British pound in terms of Australia dollar is closest to
Solution
To find the exchange rate from GBP to AUD, we need to multiply the exchange rate from GBP to USD by the exchange rate from USD to AUD.
- The exchange rate from GBP to USD is 0.8512 GBP/USD.
- The exchange rate from USD to AUD is 0.7274 USD/AUD.
So, the exchange rate from GBP to AUD is 0.8512 * 0.7274 = 0.6191 GBP/AUD.
Therefore, the price of the British pound in terms of the Australian dollar is approximately 0.6191 AUD.
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