Sia
Question
Statistics
Posted 10 months ago
The exchange rates for 3 currencies are given in the table below.
\begin{tabular}{llll}
\begin{tabular}{l}
Currency \\
being \\
exchanged
\end{tabular} & \begin{tabular}{l}
Cost of currency \\
being exchanged in \\
Thai baht (THB)
\end{tabular} & \begin{tabular}{l}
Cost of currency being \\
exchanged in Danish \\
krone (DKK)
\end{tabular} & \begin{tabular}{l}
Cost of currency \\
being exchanged in \\
Ghana cedi (GHS)
\end{tabular} \\
\hline \begin{tabular}{l}
Thai baht \\
(THB)
\end{tabular} & 1 & 0.2 & 0.125 \\
\begin{tabular}{l}
Danish krone \\
(DKK)
\end{tabular} & 5 & 1 & 0.625 \\
\begin{tabular}{l}
Ghana cedi \\
(GHS)
\end{tabular} & 8 & 1.6 & \\
\hline
\end{tabular}
Which of the following is an exchange rate for the baht?
Choose 1 answer:
(A) 0.125 cedi per baht
(B) 0.2 baht per krone
(c) 0.2
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Answer from Sia
Posted 10 months ago
Solution by Steps
step 1
To determine the correct exchange rate for the baht, we refer to the table provided in the OCR model's output
step 2
The table shows that 1 Thai baht (THB) can be exchanged for 0.125 Ghana cedi (GHS)
step 3
The correct exchange rate for the baht, based on the options provided, is the one that matches the information in the table
∻Answer∻
The correct exchange rate for the baht is 0.125 cedi per baht
A
Key Concept
Exchange Rate Determination
Explanation
The exchange rate is the price of one currency in terms of another, as given in a currency exchange table.
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