Suppose That Currently, 1 British Pound Equals 1

question 17

Multiple Choice

Suppose that currently, 1 British pound equals 1.62 U.S. dollars and 1 U.S. dollar equals 1.62 Swiss francs. What is the cross exchange rate between the pound and the franc?

• A) 1 British pound equals 3.2400 Swiss francs
• B) 1 British pound equals 2.6244 Swiss francs
• C) 1 British pound equals 1.8588 Swiss francs
• D) 1 British pound equals 1.0000 Swiss francs
• E) 1 British pound equals 0.3810 Swiss francs

---

Definitions:

Discrimination Coefficient

A quantitative measure in statistics that assesses the discriminating power of a variable in differentiating between two or more groups.

Nonpreferred Workers

Employees or workforce segments considered less favorable for hiring, often due to biases or stereotypes, not necessarily related to their skills or abilities.

Wage Rate

An alternative expression for the compensation paid to an employee per unit of time worked, typically measured on an hourly basis.

Employment

The state of having paid work or the act of providing jobs for workers, contributing to an economy's labor force.