If Recent Direct Quotes in U

question 53

Multiple Choice

If recent direct quotes in U.S. dollars are $1.65 for the British pound and $.50 for the Australian dollar, the exchange rate between British pounds and Australian dollars (pounds/Australian dollars) is:

• A)3.30 Australian dollars to the British pound.
• B)3.30 British pounds to the Australian dollar.
• C).3030 Australian dollars to the British pound.
• D).3030 British pounds to the Australian dollar.

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