If the rate of exchange for a British pound is $2 in Canadian currency,the rate of exchange for the Canadian dollar:
A)is 1/2 pound
B)is 2 pounds
C)is $0.5
D)is $2
E)cannot be determined from the information given

Question

Quizplus · Accepted Answer

If 1 British pound is equal to 2 Canadian dollars, then 1 Canadian dollar is equal to 1/2 of a British pound. Therefore, the rate of exchange for the Canadian dollar is 1/2 pound.

If the Rate of Exchange for a British Pound Is