Bonds payable issued with collateral are called _______ bonds.
1 answer:
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Answer : 4.8 florins can you exchange for your 4 guilders.
Solution : Given,
The current exchange rate for every 2.4 florins is 2.0 guilders
As per question,
The exchange rate is 2.0 guilders for every 2.4 florins
The exchange rate is 1 guilders for every florins
The exchange rate is 4 guilders for every florins
Therefore, the 4.8 florins can you exchange for your 4 guilders.
Answer:
I have attached pictures below. Maybe those will help?
Explanation:
