Which of the following currency trades is consistent with the current exchange rates of 500 Chilean pesos for US$1 and 1 British pound for US$1.50?
A) 1,250 Chilean pesos for 2 British pounds
B) 1,000 Chilean pesos for 2 British pounds
C) 10 British pounds for 750 Chilean pesos
D) 1,500 Chilean pesos for 2 British pounds
Correct Answer:
Verified
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