The following table indicates the dollar price of libras,the currency used in the hypothetical nation of Libra.Assume that a system of flexible exchange rates is in place.

-Refer to the above table.The exchange rate is:
A) 4 libras for one dollar.
B) .30 libras for one dollar.
C) .40 libras for one dollar.
D) none of the above.

Question

The following table indicates the dollar price of libras,the currency used in the hypothetical nation of Libra.Assume that a system of flexible exchange rates is in place.
 
-Refer to the above table.The exchange rate is:
A) 4 libras for one dollar. 
B) .30 libras for one dollar. 
C) .40 libras for one dollar. 
D) none of the above.

Quizplus · Accepted Answer

The Answer of The following table indicates the dollar price of libras,the currency used in the hypothetical nation of Libra.Assume that a system of flexible exchange rates is in place.
 
-Refer to the above table.The exchange rate is:
A) 4 libras for one dollar. 
B) .30 libras for one dollar. 
C) .40 libras for one dollar. 
D) none of the above.

The Following Table Indicates the Dollar Price of Libras,the Currency