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    Exam 13: Introduction to Exchange Rates and the Foreign Exchange Market
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    The Equation E<sub>$/£</sub> = 2 Means That
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The Equation E$/£ = 2 Means That

Question 65

Question 65

Multiple Choice

The equation E$/£ = 2 means that:


A) 1 dollar buys 2 pounds.
B) 1 dollar buys
The equation E<sub>$/£</sub> = 2 means that: A)  1 dollar buys 2 pounds. B)  1 dollar buys   a pound. C)  2 pounds buy 1 dollar. D)  1 dollar buys 1 pound. a pound.
C) 2 pounds buy 1 dollar.
D) 1 dollar buys 1 pound.

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