Suppose that the exchange value of the British pound is $2 per pound while the exchange value of the Swiss franc is 50 cents per franc. From this we can conclude that the exchange rate between the pound and the franc is:
A. 1 franc per pound
B. 2 francs per pound
C. 3 francs per pound
D. 4 francs per pound
Answer:D
Suppose that the exchange value of the British pound is $2 per pound while the exchange value of the Swiss franc is 50 cents per franc. From this we can conclude that the exchange rate between the pound and the franc is:
A. 1 franc per pound B. 2 francs per pound C. 3 francs per pound D. 4 francs per pound