Question
You look in the newspaper and see the following FX rates for the British pound (): 1.6 (in US $) and 0.625 (Per US $).
You look in the newspaper and see the following FX rates for the British pound (): 1.6 (in US $) and 0.625 (Per US $). If you had $100, how many pounds could you exchange this for? Give your answer in pounds and to two decimal places.
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
8th Edition
0324259700, 978-0324259704
