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If Recent Direct Quotes in U

Question 66

Multiple Choice

If recent direct quotes in U.S. dollars are $1.65 for the British pound and $.50 for the Australian dollar, the exchange rate between British pounds and Australian dollars (pounds/Australian dollars) is:


A) 3.30 Australian dollars to the British pound.
B) 3.30 British pounds to the Australian dollar.
C) .3030 Australian dollars to the British pound.
D) .3030 British pounds to the Australian dollar.

Correct Answer:

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