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The current exchange rate between the U.S. dollar and the British pound is USD1.20/GBP. If the U.S. dollar appreciated 8.33% over the last year, what
The current exchange rate between the U.S. dollar and the British pound is USD1.20/GBP. If the U.S. dollar appreciated 8.33% over the last year, what was the exchange rate a year ago?
a. | USD1.16/GBP | |
b. | GBP1.11/USD | |
c. | USD1.30/GBP | |
d. | USD1.40/GBP | |
e. | GBP1.30/USD |
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