Solved

The Following Table Provides Nominal Exchange Rates for the U

Question 112

Multiple Choice

The following table provides nominal exchange rates for the U.S. dollar.  Country  Foreign currency/dollar  Dollar/foreign currency  Poland (zloty)  4.367.229 South Africa (rand)  6.944.144\begin{array} { l c c } { \text { Country } } & \text { Foreign currency/dollar } & \text { Dollar/foreign currency } \\\text { Poland (zloty) } & 4.367 & .229 \\\text { South Africa (rand) } & 6.944 & .144\end{array} Based on these data, the nominal exchange rate equals approximately ______ zloty per South African rand or, equivalently, ______ rand per Polish zloty.


A) 1.590; 0.629
B) 0.629; 1.590
C) 0.021; 47.640
D) 47.640; 0.021

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions