A-LevelEconomicsInternational economic issues9708/12 · May/June 2016 · Q231 Mark
The following exchange rates were recorded in the foreign exchange market. £1 = €1.208 $1 = €0.727 €1 = $1.375 Within which range of values should £1 exchange 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
✓ Correct answer
D: £1=more than $1.50
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