If the Rate of Exchange for a Pound Is $4,the

question 46

Multiple Choice

If the rate of exchange for a pound is $4,the rate of exchange for the dollar is:

• A) ¼ pound.
• B) 4 pounds.
• C) $.25.
• D) $1.00.
• If 1 pound = $4,$1 = 1/4 pound.

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