Multiple Choice
If a U.S. importer can purchase 10,000 British pounds for $20,000, the rate of exchange is
A) $1 = 2 British pounds in the United States.
B) $2 = 1 British pound in the United States.
C) $1 = 2 British pounds in Great Britain.
D) $0.50 = 1 British pound in Great Britain.
Correct Answer:
Verified
Related Questions
Q2: Q3: In 2018, the capital account in the Q4: In international financial transactions, what are the Q5: There must always be a balance of Q6: Which of the following combinations is plausible,
