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If a British Importer Can Purchase 12,000 Canadian Dollar for 8,000

Question 68

Multiple Choice

If a British importer can purchase 12,000 Canadian Dollar for 8,000 British Pound, the rate of exchange between the two currencies:

A) is $.5 = 1 pound.
B) is $2 = 1 pound.
C) is $1 = 2 pounds.
D) is $1.5 = 1 Pound.

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