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Suppose that you read the following forex quote: GBP/USD = 1.4156. This quote means that A.) one British pound can be exchanged for $1.4156 (U.S.)

Suppose that you read the following forex quote: GBP/USD = 1.4156. This quote means that

A.) one British pound can be exchanged for $1.4156 (U.S.)

B.) the British pound currently is stronger than the U.S. dollar, because the ratio is greater than 1.

C.) one U.S. dollar can be exchanged for 1.4156 British pounds.

D.) the U.S. dollar currently is stronger than the British pound, because the ratio is greater than 1.

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