Asked by Jamie Crique on Jul 02, 2024
Verified
Suppose a U.S. dollar exchanges for 2 British pounds, then each pound is worth
A) $.25.
B) $.50.
C) $1.
D) $4.
Exchange Rate
The worth of one currency when converting it to a different one.
British Pound
The currency of the United Kingdom, symbolized as £ and known officially as the pound sterling.
- Investigate the influence of currency value changes on merchandise costs and commercial exchanges.
Verified Answer
KP
k'skyi prackett5 days ago
Final Answer :
B
Explanation :
If 1 U.S. dollar exchanges for 2 British pounds, then each British pound is worth half a dollar, or $0.50.
Learning Objectives
- Investigate the influence of currency value changes on merchandise costs and commercial exchanges.