If a U.S. importer can purchase 10,000 British pounds for $20,000, the rate of exchange is
A) $1 = 2 British pounds in the United States.
B) $2 = 1 British pound in the United States.
C) $1 = 2 British pounds in Great Britain.
D) $0.5 = 1 British pound in Great Britain.
Correct Answer:
Verified
Q8: The current account section in a nation's
Q12: In the U.S. balance of payments, foreign
Q14: A nation's capital and financial account
A) contains
Q16: Which of the following would call for
Q18: International transactions fall into what two broad
Q26: Which of the following is not included
Q42: Which of the following combinations is plausible,
Q48: The financial account balance is a nation's
A)net
Q51: Which of the following combinations is plausible,
Q80: It may be misleading to label a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents