In the Wall Street Journal, you observe that the British pound (£) is quoted for $1.67. The Australian dollar (A$) is quoted for $0.62. What is the value of the Australian dollar in British pounds?
A) A$2.69
B) £0.37
C) £2.69
D) A$0.37
E) none of the above

Question

Quizplus · Accepted Answer

To find the value of the Australian dollar in British pounds, divide the value of the Australian dollar in USD by the value of the British pound in USD: 0.62 / 1.67 = 0.37.

In the Wall Street Journal, You Observe That the British