Which currency trade is NOT consistent with the exchange rates of approximately ¥100 for US$1 and £1 for US$1.50?
A) ¥200 for US$2
B) ¥200 for £2
C) £200 for US$300
D) ¥300 for £2

Question

Quizplus · Accepted Answer

According to the given exchange rates, ¥100 is approximately equal to US$1 and £1 is approximately equal to US$1.50. Therefore, ¥200 would be approximately equal to US$2 (A), £200 would be approximately equal to US$300 (C), and ¥300 would be approximately equal to £2 (D). However, ¥200 for £2 (B) does not align with the given exchange rates.

Which Currency Trade Is NOT Consistent with the Exchange Rates