TABLE 6.1
Use the table to answer following question(s).
-Refer to Table 6.1. The current spot rate of dollars per pound as quoted in a newspaper is ________ or ________.
A)£1.4484/$; $0.6904/£
B)$1.4481/£; £0.6906/$
C)$1.4484/£; £0.6904/$
D)£1.4487/$; $0.6903/£

Question

TABLE 6.1
Use the table to answer following question(s). 
-Refer to Table 6.1. The current spot rate of dollars per pound as quoted in a newspaper is ________ or ________.
A)£1.4484/$; $0.6904/£ 
B)$1.4481/£; £0.6906/$ 
C)$1.4484/£; £0.6904/$ 
D)£1.4487/$; $0.6903/£

Quizplus · Accepted Answer

The table shows the exchange rates for pounds and dollars. The spot rate of dollars per pound is listed as $1.4484/£, which means that you need to pay $1.4484 for every pound you wish to exchange. Alternatively, you can exchange £0.6904 for every dollar you wish to exchange.

TABLE 6.1 Use the Table to Answer Following Question(s)