Use the following information to answer the following question(s).
Below is an excerpt from Table 19.1,Foreign Exchange Ratrd (January 8,2010)that appears in your text.(Sources The Wall Street Journal and Reuters)

-The number of pounds you can purchase per U.S.dollar is:

Question

Use the following information to answer the following question(s).
Below is an excerpt from Table 19.1,Foreign Exchange Ratrd (January 8,2010)that appears in your text.(Sources The Wall Street Journal and Reuters)
 
-The number of pounds you can purchase per U.S.dollar is:

Quizplus · Accepted Answer

The table provides foreign exchange rates, which indicate the amount of foreign currency that can be purchased with one U.S. dollar. Therefore, to find the number of pounds that can be purchased with one U.S. dollar, we need to look at the row for the British pound (GBP) and find the corresponding exchange rate. In this case, the exchange rate for GBP is 0.6239, which means that you can purchase 0.6239 pounds for one U.S. dollar. Therefore, the best choice is C).

Use the Following Information to Answer the Following Question(s)