After you graduate from university, you are offered an interview in London and a bank is quoting the following exchange rates for the US dollar against the British Pound and the Australian dollar: USD 1 = GBP 0.9285 0.9377 and USD 1 = AUD1.5315 1.5633.

a. If you convert AUD10,000 of your spending money, how many GBP would you have?

b. After your interview you return to Australia and have to convert your Pounds from part a. back into Australian dollars, how many AUD would you have? D