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hammer [34]
2 years ago
13

How would you describe the us dollar if the forein exchange rate between the us dollar and british pound changed from 1:1 to 1:0

.7?
Mathematics
2 answers:
Dimas [21]2 years ago
7 0
The value of the US dollar would be lower as it is worth less than 1 british pound.
nika2105 [10]2 years ago
3 0

Answer:

The first ratio is

1USD : 1 \£

That is, 1 US Dollar equals 1 British Pound.

Then, the last ratio is

1USD:0.7\£

Which means that for one US Dollar you would get 70 cents of a British Pound.

As you can see, the second represents a devaluation of the US Dollar against the British Pounds. It has a lower value.

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