The following table provides nominal exchange rates for the U.S. dollar. $$\begin{array} { l c c }
{ \text { Country } } & \text { Foreign currency/dollar } & \text { Dollar/foreign currency } \
\text { Poland (zloty) } & 4.367 & .229 \
\text { South Africa (rand) } & 6.944 & .144
\end{array}$$ Based on these data, the nominal exchange rate equals approximately ______ zloty per South African rand or, equivalently, ______ rand per Polish zloty.
A) 1.590; 0.629
B) 0.629; 1.590
C) 0.021; 47.640
D) 47.640; 0.021

Question

The following table provides nominal exchange rates for the U.S. dollar. $$\begin{array} { l c c } 
{ \text { Country } } & \text { Foreign currency/dollar } & \text { Dollar/foreign currency } \
\text { Poland (zloty) } & 4.367 & .229 \
\text { South Africa (rand) } & 6.944 & .144
\end{array}$$ Based on these data, the nominal exchange rate equals approximately ______ zloty per South African rand or, equivalently, ______ rand per Polish zloty.
A) 1.590; 0.629
B) 0.629; 1.590
C) 0.021; 47.640
D) 47.640; 0.021

Quizplus · Accepted Answer

The Answer is B

The Following Table Provides Nominal Exchange Rates for the U