Suppose That the Current Exchange Rate Is £1

question 58

Multiple Choice

Suppose that the current exchange rate is £1.00 = $2.00. The indirect quote, from the U.S. perspective is

• A)£1.00 = $2.00.
• B)£1.00 = $0.50.
• C)£0.50 = $1.00.
• D)None of the above

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