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) $.5 = 1 British pound in Great Britain.
Correct Answer:
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