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If 5 Danish Kroner Buys US$1, and If US$1 Buys

Question 9

Multiple Choice

If 5 Danish Kroner buys US$1, and if US$1 buys 2.5 pounds sterling, the cross exchange rate for Danish Kroner and British pounds is ______.


A) 1 Danish Kroner to 0.5 British pounds
B) Cannot be determined with this information
C) 2 Danish Kroner to 1 British pound
D) 2 British pound to 1 Danish Kroner

Correct Answer:

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