Question

Which accurately explains what an exchange rate of 1 to 6 between U.S. dollars and Egyptian pounds means?

Answer 1

Answer:

(A) One U.S. dollar will buy six Egyptian pounds.

Explanation:

It is not unexpected to utilize GDP as a proportion of financial welfare or way of life in a country. When looking at the GDP of various countries, for this reason, two issues quickly emerge.

The GDP of a nation is estimated in its very own cash—the United States utilizes the US dollar; most countries of Western Europe use the euro; Egypt uses the pound, and Mexico employs the peso. Along these lines, contrasting GDP between two nations requires changing over to typical money.