The most accurate measure of the international value of the UK pound is
A) an exchange rate index that accounts for many exchange rates.
B) the yen/pound exchange rate.
C) the pound/dollar exchange rate.
D) the euro/pound exchange rate.
E) the Swiss franc/pound exchange rate.

Question

Quizplus · Accepted Answer

An exchange rate index that accounts for many exchange rates provides a comprehensive measure of the pound's value against a basket of currencies, reflecting its overall international value more accurately than a single bilateral exchange rate.

The Most Accurate Measure of the International Value of the UK