If we know that the exchange rate is $1.60 per pound then the exchange rate of pounds per dollar is
A) greater than 1.60
B) 0.80
C) 1.00
D) 0.625
E) 1.60.

Name: If we know that the exchange rate is $1.60 per pound then the exchange rate of pounds per dollar is A) greater than 1.60 B) 0.80 C) 1.00 D) 0.625 E) 1.60.
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Question

Quizplus · Accepted Answer

To find the exchange rate of pounds per dollar, we need to take the reciprocal of the given exchange rate. Therefore, pounds per dollar = 1/1.60 = 0.625.

If We Know That the Exchange Rate Is $1