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Igoryamba
2 years ago
13

g if 1 British pound can be exchanged for 180 cents of U.S. currency, what fraction should be used to compute the indirect quota

tion of the exchange rate expressed in British pounds?
Business
1 answer:
Mrrafil [7]2 years ago
7 0

Answer: 1/1.8

Explanation:

From the question, we are informed that 1 British pound can be exchanged for 180 cents of U.S. currency. To get the fraction that should be used to compute the indirect quotation of the exchange rate expressed in British pounds, we have to change the 180 cents to dollars first.

Since 100 cents = 1 dollar, 180 cents = 1.8 dollars. Therefore, fraction should be used to compute the indirect quotation of the exchange rate expressed in British pounds will be:

= 1/1.8

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