Question 50 (1 point) Table 4 Units of Foreign Currency per U.S. Dollars per Uni

Question

Question 50 (1 point) Table 4 Units of Foreign Currency per U.S. Dollars per Unit of Foreign CountryU.S. Dollar Currency Mexican peso 10.00 L British pound Refer to Table 4. Given the following exchange rates in the above table, what are the exchange rates stated as U.S, dollars per Mexican peso and U.S. dollars per British pound respectively? O A) 0.01 dollars per peso and 0.20 dollars per pound B) 0.10 dollars per peso and 2.00 dollars per pound C) 0.01 dollars per peso and 0.50 dollars per pound D) 1.00 dollars per peso and 20.00 dollars per pound E) 0.10 dollars per peso and 5.00 dollars per pound Save

Explanation / Answer

Correct option is (B).

Exchange rate (US Dollar per Mexican Peso) = 1/10 = 0.10

Exchange rate (US Dollar per British Pound) = 1/0.5 = 2

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