If the exchange rate is £1 = $1.25, what is $2250 equivalent to in £ pounds?
Exchange Rate

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University
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Hard
nur nadhira
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18 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
£2813
£2250
£1800
None of the answers
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
If the exchange rate is £1 = $1.25, how much does $1 equal in £ pounds?
£0.80
£0.85
£0.75
£1.25
None of the answers
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
If £1 = €1.26 and £1 = $1.50, approximately how much does €1 equal in $ dollars?
$1.29
$1.06
$1.11
$1.19
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
You are a UK business that exports to the US market. If the £1 goes from being equal to $1.25 to $1.50, what will happen to your exports to the US?
Exports to US will become cheaper and increase
Exports to US will become more expensive and decrease
Exports to US will stay the same
Exports to US will become cheaper and decrease
None of the answers
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
You are a UK business that imports a lot of supplies from the US market. If the £1 goes from being equal to $1.25 to $1.50, what will happen to your imports from the US?
Imports from the US will be more expensive and decrease
Imports from the US will be cheaper and increase
Imports from the US will stay the same
None of the answers
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
If US businesses demand more Chinese currency, which way will the demand curve shift?
Right
Left
Stay the same
None of the answers
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
If the demand curve shifts to the right, what will happen to $/Y in the graph?
Depreciate
Appreciate
Stay the same
None of the answers
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