The Figure Given Below Depicts the Foreign Exchange Market for British

question 34

Multiple Choice

The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2

-How many dollars do you need to buy a Swedish Kronor (SEK) when the exchange rate is $1 = 6.429 SEK?

• A)$0.016
• B)$1.056
• C)$0.649
• D)$0.156
• E)$1.56

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