If recent direct quotes in U.S. dollars are $1.5547 for the British pound and $.1150 for the Mexican peso, the exchange rate available to a British importer buying pesos with pounds is:
A) 13.5191 pounds per peso.
B) 13.5191 pesos per pound.
C) 0.0740 pounds per peso.
D) 0.0740 pesos per pound.
Correct Answer:
Verified
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