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In the Wall Street Journal, You Observe That the British

Question 27

Multiple Choice
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 the above

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 the above

Correct Answer:

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