If the rate of exchange for a pound is $4, the rate of exchange for the dollar is
A) $$1 / 4$$ ¼ pound.
B) 4 pounds.
C) $0.25.
D) $1.00.

Name: If the rate of exchange for a pound is $4, the rate of exchange for the dollar is A) \[1 / 4\] ¼ pound. B) 4 pounds. C) $0.25. D) $1.00.
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Question

Quizplus · Accepted Answer

If 1 pound equals $4, then 1 dollar would equal 1/4 of a pound, as you would need to divide the pound's value by 4 to find the value of a single dollar in pounds.

If the Rate of Exchange for a Pound Is $4 1/41 / 41/4

If the Rate of Exchange for a Pound Is $4 $1 / 4$