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6.) You have just landed in London with $ 500 in your wallet. Stopping at the foreign exchange booth, you see that pounds are being
6.) You have just landed in London with $ 500 in your wallet. Stopping at the foreign exchange booth, you see that pounds are being quoted at $ 1.95 divided by pound. For how many pounds can you exchange your $ 500? The number of English pounds you can get is pound ____.
7.)Your firm needs to pay its French supplier euro 500, 000. If the exchange rate is euro 0.65 divided by $, how many dollars will you need to make the exchange? The number of U.S. dollars you will need is $____.
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