Suppose the current exchange rates between the dollar and the British pound and the dollar and the yen are $2 = 1 and $0.01 = 1 yen.The exchange rate between the pound and the yen is:

Question

Quizplus · Accepted Answer

To find the exchange rate between the pound and the yen, we need to convert both currencies to dollars and then compare them. We can use the given exchange rates to do this:

$1 = 0.5 pounds (since $2 = 1 pound) 
$1 = 100 yen (since $0.01 = 1 yen)

Now, let's convert one pound to yen:

$1 = 0.5 pounds 
$1 = 100 yen 
0.5 pounds = 0.5 x $2 = $1 
$1 = 100 yen 
1 pound = $1 = 100 yen

Therefore, the exchange rate between the pound and the yen is 1 pound = 100 yen, or 1 = 100 yen. Thus, answer choice D is the correct answer.

Suppose the Current Exchange Rates Between the Dollar and the British