Question

the exchange rate between non-fixed currencies continuously fluctuates. the following chart shows the exchange rate of the pound sterling to the japanese yen over a period of six days.

if grace traded \\(¥34,712\\) for \\(£242.73\\), on what day did she make her exchange?
a. monday
b. tuesday
c. thursday
d. saturday

Explanation:

Calculate the exchange rate

Using the Currency Conversion knowledge point

$$ \text{Exchange Rate } (\text{JPY per GBP}) = \frac{\text{Yen Amount}}{\text{Pound Amount}} = \frac{34712}{242.73} \approx 143.007457 $$

Match the rate to the table

Using the Table Reading knowledge point

$$
LATEXBLOCK0
$$

The calculated rate of approximately \(143.007\) matches Saturday.

Answer:

• a. Monday
• b. Tuesday
• c. Thursday
• d. Saturday (Correct answer)