Suppose That the Exchange Rate Between the British Pound and Gold

question 109

Multiple Choice

Suppose that the exchange rate between the British pound and gold was £20 per ounce of
Gold and the exchange rate between the U.S. dollar and gold was $80 per ounce of gold. What is the U.S. dollar exchange rate with respect to the British pound?

• A) $1 exchanges for £4.
• B) $1 exchanges for £0.4.
• C) $1 exchanges for £0.25.
• D) $1 exchanges for 0.25 ounces of gold in Britain.

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Definitions:

Professional Tone

Refers to the formal or business-like language used in corporate or professional communication.

Indirect Approach

A communication strategy where the main point or message is not presented first but instead is built up to through explanations, background information, or related details.

Pelvic Cavity

The body cavity located within the pelvis, housing organs such as the bladder, reproductive organs, and rectum.

Iliac Artery

A major artery in the pelvis that divides into the internal and external iliac arteries, supplying blood to the pelvic region and lower limbs.