If a person has Australian dollars and wishes to exchange them for Thai baht, which exchange rate would the person prefer? $1 = 24.13 baht or $1 = 26.13 baht

Question

BlackTom AI · Accepted Answer

The correct answer is a. 26.13 baht because a higher baht-per-Australian-dollar rate gives the exchanger more baht for the same amount of Australian dollars.

1. Relevant knowledge points and concepts
- An exchange rate quoted as $1 = X baht means 1 Australian dollar converts into X Thai baht.
- If you hold Australian dollars and want baht, you prefer the exchange rate that yields more baht per dollar.
- Comparing two rates involves direct numerical comparison and (optionally) example conversions to show the difference.

2. Complete reasoning process step by step
- Compare the two quoted rates: 24.13 baht per AUD versus 26.13 baht per AUD.
- Because 26.13 > 24.13, one Australian dollar buys 2.00 more baht at the 26.13 rate than at the 24.13 rate.
- A direct numeric example makes this concrete.

3. Calculations with intermediate steps
- Suppose you exchange 100 Australian dollars.
  - At $1 = 24.13 baht: 100 × 24.13 = 2413.00 baht.
  - At $1 = 26.13 baht: 100 × 26.13 = 2613.00 baht.
- Difference: 2613.00 − 2413.00 = 200.00 baht extra when using the 26.13 rate.
- Per 1 AUD: 26.13 − 24.13 = 2.00 baht more.

4. Why the correct answer is correct
- The goal is to maximize the amount of baht received for given Australian dollars. The higher baht-per-dollar rate (26.13) achieves that, so it is preferred.

5. Why the other options are incorrect
- b. Mentions a fixed government rate “24.13 baht” — irrelevant and lower; it gives fewer baht per AUD, so not preferable.
- c. “Each exchange rate is equally preferable” is false because the numeric rates differ and one yields more baht.
- d. “Neither preferable” is false because one clearly gives more baht per AUD.

6. Conclusion
- Therefore, the preferred rate is $1 = 26.13 baht, confirming answer a. 26.13 baht.

If a person has Australian dollars and wishes to exchange them for Thai baht, which exchange rate would the person prefer? $1 = 24.13 baht or $1 = 26.13 baht单项选择题

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If a person has Australian dollars and wishes to exchange them for Thai baht, which exchange rate would the person prefer? $1 = 24.13 baht or $1 = 26.13 baht单项选择题

类似问题

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更多留学生实用工具

希望你的学习变得更简单

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