I, SAY TRUE OR FALSE

1) TRUE
2) TRUE
3) FALSE
4) FALSE
5) TRUE
II, MATCHING
1. F
2. B
3. G
4. I
5. D
6. E
7. H
8. A
9. C
10. J

III, CHOOSE THE CORRECT ANSWER

1. A
2. B
3. D
4. B
5. B
 IV, WORK OUT ANSWER
1) Solution let 1 $ =1.5GBP

60,000,000 $=?

60,000,000 $ × 1.5GBP
→ 1$ = 90,000,000 GBP

After 3 months exchange rate 1.7 GBP

1 $ =1.7 GBP

60,000,000 $ =?

60,000,000 $ × 1.7 GBP

→ 1$ = 102,000,000 GBP

Loss or Gain Is:-

102,000,000 GBP - 90,000,000 GBP = 12,000,000 GBP Loss

2, Foreign currency transaction is one that require statement either payment or

reception in foreign currency

3, let 1 GBP = 1.16 EURO

1,200,000 GBP =?

1,200,000GBP × 1.16
→ 1GBP = 1,392,000 EURO
4, 2014 2015

A, pound/$ A, pound/$

1$ = 1.60 GBP 1$ = 1.60 GBP

100 $ =? 120 $ = ?

100 $ × 1.60GBP 120 $ × 1.16GBP

→ 1$ = 160 GBP → 1$ = 192
GBP

B, Yen/$ B, Yen/$

1 Yen = 100$ 1 Yen = 100$

200 yen =? 230 yen = ?

200Yen ×100 $ 230Yen ×100 $

→ 1 Yen = 20,000 $ → 1 Yen = 23,000
$

C, pound/Yen C, pound/Yen

1 Yen =160 GBP 1 Yen =160 GBP

150 Yen =? 165 Yen =?

150Yen ×160 GBP 165Yen ×160 GBP

→ 1 Yen = 24,000 GBP → 1 Yen = 264,000 GBP

5, Let 1 GBP = 0.8655 EURO

? = 175,000 EURO

175,000 EURO ×1 GBP

= 202195.26285 GBP
0.865 EURO