If the exchange rate for dollars in terms of pounds is 1.2 pounds/dollar, then the exchange rate for pounds in terms of dollars is 0.8 dollars/pound.

Name: If the exchange rate for dollars in terms of pounds is 1.2 pounds/dollar, then the exchange rate for pounds in terms of dollars is 0.8 dollars/pound.
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The correct exchange rate for pounds in terms of dollars, given 1.2 pounds/dollar, would be calculated as 1 divided by 1.2, which equals approximately 0.8333 dollars/pound.

If the Exchange Rate for Dollars in Terms of Pounds