Bruce has just arrived in the UK from Australia, and he wants to change his Australian dollars into pounds sterling: the exchange rate is £1 = $1.88. If Bruce changes $1,400, how many pounds sterling will he get?

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Bruce has just arrived in the UK from Australia, and he wants to change his Australian dollars into pounds sterling: the exchange rate is £1 = $1.88. If Bruce changes $1,400, how many pounds sterling will he get?