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    The Economics of Money Banking Study Set 1
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    Exam 17: The Foreign Exchange Market
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    On January 25,2009,one U
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On January 25,2009,one U

Question 53

Question 53

Multiple Choice

On January 25,2009,one U.S.dollar traded on the foreign exchange market for about 49.0 Indian rupees.Thus,one Indian rupee would have purchased about ________ U.S.dollars.


A) 0.02
B) 1.20
C) 7.00
D) 49.0

Correct Answer:

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