Question: If a U . S . importer can purchase 1 0 , 0 0 0 British pounds for $ 2 0 , 0 0 0

If a U.S. importer can purchase 10,000 British pounds for $20,000, the rate of exchange is
Group of answer choices
$0.5=1 British pound in Great Britain.
$1=2 British pounds in the United States.
$1=2 British pounds in Great Britain.
$2=1 British pound in the United States.

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