Question $8$

$2\mathrm{.}95pts$

$8.$ Think of the U$.$S$.$ as the domestic country and Great Britain $($GB$)$ as the foreign country. Let $"e"$ stand for the domestic price of one unit of the foreign currency. If $e=4,$ then

$$1$ would cost approximately $1\mathrm{.}20.$

a guitar in the US listed at $2,000$ would cost $$500.$

a guitar in GB listed at $2,000$ would cost $$4,000.$

a guitar in GB listed at $2,000$ would cost $$1,000.$

none of the other options.