Which of the Following Currency Trades Is Consistent with the Current

question 47

Multiple Choice

Which of the following currency trades is consistent with the current exchange rates of 100 yen for US$1 and 1British pound for US$1.50?

• A) 750 yen for 6 British pounds
• B) 200 yen for 2 British pounds
• C) 200British pounds for 3,000 yen
• D) 300 yen for 2 British pounds

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Definitions:

Nike Workers

Employees involved in the manufacturing or distribution processes of Nike products, often discussed in debates about labor practices and conditions.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price in a given time period.

Complements

Items or services that are consumed in tandem, where using or consuming one enhances the desirability or utility of the other.

Gas Stations

Facilities that sell fuel and often other goods and services for motor vehicles.