At the current exchange rate of $1.40 per British pound,a one-day pass to Worldwide Theme Park of Florida sells for 45 pounds at travel agencies throughout Great Britain.If the exchange rate increases to $1.70 per pound,what will happen to the price of a one-day pass sold in Great Britain?
A) The price will be unchanged.
B) The price will fall to 37 pounds.
C) The price will increase to 54 pounds.
D) The price will fall by 12 pounds.
Correct Answer:
Verified
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