When the dollar price of a British pound is $0.80, it is correct to state that an American traveling in England will receive ________ pounds per dollar.

Question

Quizplus · Accepted Answer

To determine the pounds per dollar, you need to divide 1 (dollar) by the dollar price of a pound (0.80). 1/0.80 = 1.25, so an American traveling in England will receive 1.25 pounds per dollar. Therefore, the best choice is A.

When the Dollar Price of a British Pound Is $0