Multiple Choice
Suppose the exchange value of the British pound is $2 per pound while the exchange value of the Swiss franc is 50 cents per pound.The cross-exchange rate between the pound and the franc is
A) 1 franc per pound.
B) 2 francs per pound.
C) 3 francs per pound.
D) 4 francs per pound.
Correct Answer:
Verified
Correct Answer:
Verified
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