Solved

Use the Following to Answer Questions: Table: Exchange Rates -(Table: Exchange Rates) Using the Hypothetical Exchange Rate Information in

Question 105

Multiple Choice

Use the following to answer questions: Table: Exchange Rates  Year  Exchange Rates 2000 1 U.S. $=0.5 British £0.4 European €=100 Japanese ₹ 2004 1 U.S. $=1.0 British £0.8 European €=200 Japanese ₹ \begin{array} { l l l } \hline \text { Year } & \text { Exchange Rates } & \\\hline 2000 & \text { 1 U.S. } \$ = 0.5 \text { British } £ & 0.4 \text { European } € = 100 \\& \text { Japanese ₹ } & \\2004 & \text { 1 U.S. } \$ = 1.0 \text { British } £ & 0.8 \text { European } € = 200 \\& \text { Japanese ₹ }\\\hline\end{array}
-(Table: Exchange Rates) Using the hypothetical exchange rate information in the table, which of the following statements is correct?


A) In 2004, the British pound had become stronger relative to U.S. dollars.
B) In 2004, the European euro had become stronger relative to Japanese yen.
C) In 2004, the U.S. dollar had become stronger relative to British pounds.
D) In 2004, the Japanese yen had become stronger relative to European euros.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents