Economics 9708 · AS & A Level · 6.4

6.4 — practice question

The following exchange rates were noted: £1 = €1.208; $1 = €0.727; €1 = $1.375. Between which values should £1 be exchanged for $?

  • A£1=less than $0.50
  • B£1=between $0.50 and $1
  • C£1=between $1 and $1.50
  • D£1=more than $1.50

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