Question

The chart below shows an exchange rate table. A 2-column table has 6 rows. The first column is labeled Currency with entries Bulgarian lev, Canadian dollar, Swiss franc, British pound, Japanese yen, and U S Dollar. The second column is labeled Exchange rate on March 12, 2013 (U S dollar = 1) with entries 1.0278, 0.9508, 0.7689, 0.6706, 96.1503. Which statement accurately interprets the information on the chart? Japan's currency shows that it has the strongest economy of any country. The value of each currency is shown in relation to the US dollar. It would take six British pounds to purchase one US dollar. Swiss francs are the strongest currency in Europe.

Answer 1

Answer:

We can organize the information in this manner:

US Dollar   Bulg Lev  Canadian dollar  Swiss franc British Pound Jap Yen

1                  $1.0278            $0.9508             $0.7689      $0.6706     $96.1613  

Reading that information, we can say that this statement is right:

• The value of each currency is show in relation to the US dollar - Self explanatory, corresponds to the values in the chart.

While these statements are wrong:

• It would take six British pounds to purchase one US Dollar - we can see that it would take less than 2 (1 British pound = 0.6706 dollars)
• Japan's currency shows that it has the strongest economy of any country - a reevalued currency like the Yen does not necessarily mean that the economy of Japan is strong. In fact, the economy of Japan has been stagnant since the 1990s.
• Swiss Francs is the strongest currency in Europe - it can be seen in the chart that the Bulgarian Lev is stronger.

Answer 2

Answer:

B. The value of each currency is shown in relation to the US dollar.

Explanation:

Just took the test on ....edgen....Good luck!!