How many £’s in $748.25?
748.25 × 15/73 = 153-3/4. _Ans._ £153-3/4.
Another method to change pounds sterling, shillings and pence, to
dollars and cents.
RULE.--_Reduce pounds sterling to shillings, add the shillings, and
multiply the sum by .24-1/3--the product will be cents. Add 2 cents for
each pence, if any._
EXAMPLE: Change £46, 13s. 9d. to United States money.
46 × 20 = 920 933 × .24-1/3 = 227.03
13 9d. = .18
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933 _Ans._ $227.21
Tourists of today patronize express companies for _Foreign Money
Orders_. These are made out similar to regular express money orders and
may be cashed in any of the larger cities of all foreign countries. They
take the place, to a large extent, of _Letters of Credit_, which are
letters from banking houses in one country to those in another, allowing
sums to be drawn not to exceed a total named in the letter.