Currency Conversion Basics Quiz

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the total amount in Nigerian Naira (NGN) that was sent to Our Lady Queen Of Peace Odonla?

  • 102,533,745 NGN
  • 49.36 NGN
  • 100,003.36 NGN (correct)
  • 2,026.00 NGN

What is the exchange rate provided for this transaction?

  • 1 GBP = 49.36 NGN
  • 1 GBP = 100,003.36 NGN
  • 1 GBP = 1,025.34 NGN
  • 1 GBP = 2,026.00 NGN (correct)

Which financial institution is associated with the provided account details?

  • RightCard Payment services Limited
  • Financial Conduct Authority
  • Lemonade Technology Ltd U.K
  • UNITED BANK FOR AFRICA PLC (correct)

What is the reference number for this transaction?

<p>2d18b46c-f574-403f-aa71-54372630e041 (B)</p> Signup and view all the answers

Which organization is authorized as a Small Payment Institution by the Financial Conduct Authority?

<p>Lemonade Technology Ltd U.K (C)</p> Signup and view all the answers

Flashcards

Transaction Receipt

A document confirming the details of a financial transaction.

Exchange Rate

The rate at which one currency can be exchanged for another.

Amount Paid

The total money paid in a transaction, here in GBP.

Converted Amount

The amount of money received after currency exchange, here in NGN.

Signup and view all the flashcards

Reference Number

A unique code assigned to a transaction for identification.

Signup and view all the flashcards

Study Notes

Transaction Details

  • Transaction created on 8/3/24 at 11:18 AM
  • Transaction completed on 8/3/24 at 11:18 AM
  • 49.36 GBP converted to 100,003.36 NGN
  • Payment sent to "our lady queen of peace odonla"
  • Account details: 1025337452, UNITED BANK FOR AFRICA PLC
  • Reference: 2d18b46c-f574-403f-aa71-54372630e041
  • Exchange rate: 1.00 GBP = 2,026.00 NGN

Company Information

  • Lemonade Technology Ltd UK (No.935815) is authorized by the Financial Conduct Authority
  • Registered address: 36-38 Westbourne Grove, London, UK
  • Incorporated on July 1, 2020
  • RightCard Payment Services Limited is the trading name for LemFi
  • Lemonade Technology Limited, Canada, is registered as a Money Service Business (MSB)

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Quiz Team

Related Documents

Transaction Receipt PDF

More Like This

Currency Conversion and Exchange Rates
5 questions
Rate Conversion Quiz
5 questions

Rate Conversion Quiz

SpectacularIndigo3912 avatar
SpectacularIndigo3912
Use Quizgecko on...
Browser
Browser