Use the following information to answer the following question(s) .
Below is an excerpt from Table 19.1,Foreign Exchange Rates (December 26,2012) that appears in your text.(Sources The Wall Street Journal,Reuters)
Country/Currency In US$ Per US$
India (Rupee) .01818 55.0155
Britain (Pound) 1.6133 .6198
1-mos forward 1.6133 .6198
3-mos forward 1.6130 .6200
6-mos forward 1.6128 .6200
Canada (Dollar) 1.0074 .9927
Switzerland franc 1.0917 .9160
1-mos forward 1.0928 .9151
3-mos forward 1.0939 .9141
6-mos forward 1.0961 .9123
-The number of pounds you can purchase per U.S.dollar is
A) 1.6133.
B) 6.198.
C) 0.6198.
D) 16.133.
Correct Answer:
Verified
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