Question: In t ( 0 ) USD 1 . 5 can be exchanged in the foreign exchange market for 0 . 9 5 Bygones ( =

In t(0) USD 1.5 can be
exchanged in the foreign
exchange market for 0.95
Bygones (=BGC =
Bygonia' s currency).
Express the exchange rate
in American terms from the
Bygonian perspective.
a.0.633 USD/BGC
b.,1.579 BGC/USD
c.,0.633 BGC/USD
d.1.579 USD/BGC
 In t(0) USD 1.5 can be exchanged in the foreign exchange

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