Explanation:
A is the quote currency. The quote indicates that 1.5 units of A should be exchanged for 1 unit of B. Thus, 300 units (1.5 × 200) of A are exchanged for 200 units of B.
Q-3833: Suppose that the quote between currency A and currency B is 1.5000 and that currency B is the base currency. How many units of currency A should be exchanged for 200 units of currency B?
A
150
B
1.5
C
200
D
300
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