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Nominal Bilateral Exchange Rates Are Published Daily in Newspapers

Question 12

Multiple Choice

Nominal bilateral exchange rates are published daily in newspapers. The Washington Post reported the following exchange rates for the US dollar ($) on June 16,2004.
Nominal bilateral exchange rates are published daily in newspapers. The Washington Post reported the following exchange rates for the US dollar ($) on June 16,2004. The table shows,for example,that $1 = ¥109.34 at that time. Which of the following must also have been true on that date? A) €1 = $0.822 B) €1 = ¥202.22 C) ¥1 = €133.02 D) £1 = €1.505 E) $1 = £1.8312 The table shows,for example,that $1 = ¥109.34 at that time. Which of the following must also have been true on that date?


A) €1 = $0.822
B) €1 = ¥202.22
C) ¥1 = €133.02
D) £1 = €1.505
E) $1 = £1.8312

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