Determination of exchange rates


Question: Someone wants to import 45,000 dollars worth of rugs from India. How many rupees will he need to pay for this buy if one rupee is worth .0218 dollar? 

[A]    2,064,220Rs

[B]    2,075,002Rs

[C]    2,076,289Rs

[D]    1,843,010Rs

[D]    2,032,018Rs

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Finance Basics: Determination of exchange rates
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