In the Wall Street Journal , you observe that the British pound (£)is quoted at $1.65. The Australian dollar (A$)is quoted at $0.60. What is the value of the Australian dollar in British pounds?
A)A$2.75
B)A$0.36
C)£2.75
D)£0.36
E)None of these are correct.

Question

Quizplus · Accepted Answer

To find the value of the Australian dollar in British pounds, divide the quote for the Australian dollar ($0.60) by the quote for the British pound ($1.65). This gives $0.60 / $1.65 = £0.3636, which rounds to £0.36.

In the Wall Street Journal , You Observe That the British