Question: If a U . S . importer can purchase 2 5 , 0 0 0 British pounds for $ 2 0 , 0 0 0

If a U.S. importer can purchase 25,000 British pounds for $20,000, the rate of exchange is
Multiple Choice
$1=2.50 British pound in Great Britain.
$1=1.25 British pounds in Great Britain.
$0.80=1 British pound in the United States.
$1=0.80 British pounds in the United States.
If a U . S . importer can purchase 2 5 , 0 0 0

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