Multiple Choice
Mary Green takes a summer course in London,England.She doesn't buy British pounds at the U.S.airport,where the rate is 1 pound = $1.60.Upon arrival in London,she finds that she can buy pounds for $1.65 each.Which of the following is true?
A) Green would have been better off if she had bought pounds in the United States where U.S.dollars were cheaper.
B) Green would have been better off if she had bought pounds in the United States where pounds were less expensive.
C) The pounds were more expensive in London because a currency is always most valued in its home country.
D) The pounds were more expensive in the United States because they are less available there.
E) It doesn't matter where she buys the pounds,since she can't use U.S.money anyway once she's in England.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Suppose that your bank pays 5 percent
Q59: Which of the following helps explain why
Q63: For a major country with extensive capital
Q69: Figure 9-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7347/.jpg" alt="Figure 9-1
Q111: Which of the following is the primary
Q112: Raul borrowed $1,000 from Marta for a
Q114: Use the figure below to answer the
Q115: Use the figure below to answer the
Q184: The money rate of interest will be
Q193: Suppose business decision makers become more optimistic