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    International Economics Study Set 9
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    Exam 13: Introduction to Exchange Rates and the Foreign Exchange Market
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    The Equation E<sub>¥</sub><sub>/£</sub> = 100 Means That
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The Equation E¥/£ = 100 Means That

Question 93

Question 93

Multiple Choice

The equation E¥/£ = 100 means that:


A) 1 yen buys 10 pounds.
B) 0.1 yen buys 1 pound.
C) 100 yen buy 1 pound.
D) 0.01 yen buys 1 pound.

Correct Answer:

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