Test Bank

21. The currency per U.S. dollar quote for the British pound is 1.55. If you wish to buy $1,000 worth of pounds, how many pounds could you get? A) 1,550. B) 645. C) 450. D) 1000. E) 550. Ans: B. Dif: E. 22. The exchange rate for the euro changed from 0.9968 on December 2, 2002 to 0.9966 (U.S. dollar equivalent) on December 3, 2002. ................
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