If the exchange rate between British pounds and U. S. dollars is 1 to 1.5, which
of the follow...
Mathematics, 13.04.2020 00:11 cxttiemsp021
If the exchange rate between British pounds and U. S. dollars is 1 to 1.5, which
of the following is true?
A. The U. S. money supply is 1.5 times the size of the British money
supply.
B. It takes $1.50 to buy one British pound.
C. The GDP of the United States is 1.5 times larger than the GDP of
Britain.
D. One U. S. dollar will buy 1.5 British pounds.
Answers: 1
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