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In a Recent Financial Journal, the Exchange Rate Between the Dollar

question 31

Multiple Choice

In a recent financial journal, the exchange rate between the dollar and the British pound was quoted in two ways:
Exchange rate (in dollars) $1.60Exchange rate (in pounds)  £0.625\begin{array} { | l | l | } \hline \text {Exchange rate (in dollars) } &\$ 1.60\\\hline \text {Exchange rate (in pounds) } &£ 0.625\\\hline\end{array}
-Refer to the above data. The number of dollars equivalent to £50,000 on this date is:

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