If a good priced at 120 pounds in England can be acquired for $300.00, the exchange rate between the pound and the dollar is:
A) 1.0 pound = $0.40.
B) 1.0 pound = $2.00.
C) 1.0 pound = $2.50.
D) 2.5 pounds = $1.00.
Correct Answer:
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