If the nominal exchange rate between UK pounds and US dollars is £0.50 per $1.00, how many dollars can you get for a pound?
A) $0.50
B) $1.00
C) $1.50
D) $2.00
E) none of these answers

Name: If the nominal exchange rate between UK pounds and US dollars is £0.50 per $1.00, how many dollars can you get for a pound? A) $0.50 B) $1.00 C) $1.50 D) $2.00 E) none of these answers
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Question

Quizplus · Accepted Answer

If £0.50 equals $1.00, then £1.00 equals $2.00.

If the Nominal Exchange Rate Between UK Pounds and US