Nominal bilateral exchange rates are published daily in newspapers. The Washington Post reported the following exchange rates for the US dollar ($) on June 16,2004.
The table shows,for example,that $1 = ¥109.34 at that time. Which of the following must also have been true on that date?
A) €1 = $0.822
B) €1 = ¥202.22
C) ¥1 = €133.02
D) £1 = €1.505
E) $1 = £1.8312

Question

Nominal bilateral exchange rates are published daily in newspapers. The Washington Post reported the following exchange rates for the US dollar ($) on June 16,2004.
  The table shows,for example,that $1 = ¥109.34 at that time. Which of the following must also have been true on that date? 
A) €1 = $0.822 
B) €1 = ¥202.22 
C) ¥1 = €133.02 
D) £1 = €1.505 
E) $1 = £1.8312

Quizplus · Accepted Answer

The Answer of Nominal bilateral exchange rates are published daily in newspapers. The Washington Post reported the following exchange rates for the US dollar ($) on June 16,2004.
  The table shows,for example,that $1 = ¥109.34 at that time. Which of the following must also have been true on that date? 
A) €1 = $0.822 
B) €1 = ¥202.22 
C) ¥1 = €133.02 
D) £1 = €1.505 
E) $1 = £1.8312

Nominal Bilateral Exchange Rates Are Published Daily in Newspapers