ECO 201 - Chapter 14 Exam Questions and Answers Solved Correctly Rated 100%
14.1 Exchange Rates and International Transactions
1) How many dollars would it cost to buy an Edinburgh Woolen Mill sweater costing 50 British pounds if
the exchange rate is 1.25 dollars per one British pound?
A) 50 dollars
B) 60 dollars
C) 70 dollars
D) 62.5 dollars
E) 40 British pounds - Answers D
342-346
Difficulty: Easy
2) How many dollars would it cost to buy an Edinburgh Woolen Mill sweater costing 50 British pounds if
the exchange rate is 1.50 dollars per one British pound?
A) 50 dollars
B) 60 dollars
C) 70 dollars
D) 80 dollars
E) 75 dollars - Answers E
342-346
Difficulty: Easy
3) How many dollars would it cost to buy an Edinburgh Woolen Mill sweater costing 50 British pounds if
the exchange rate is 1.80 dollars per one British pound?
A) 40 dollars
B) 90 dollars
,C) 50 dollars
D) 100 dollars
E) 95 dollars - Answers B
342-346
Difficulty: Easy
4) The Japanese currency is called the
A) DM.
B) Yen.
C) Euro.
D) Dollar.
E) Pound. - Answers B
342-346
Difficulty: Easy
5) How many British pounds would it cost to buy a pair of American designer jeans costing $45 if the
exchange rate is 1.50 dollars per British pound?
A) 10 British pounds
B) 20 British pounds
C) 30 British pounds
D) 35 British pounds
E) 25 British pounds - Answers C
342-346
Difficulty: Easy
6) How many British pounds would it cost to buy a pair of American designer jeans costing $45 if the
exchange rate is 1.80 dollars per British pound?
, A) 10 British pounds
B) 25 British pounds
C) 20 British pounds
D) 30 British pounds
E) 40 British pounds - Answers B
342-346
Difficulty: Easy
7) How many British pounds would it cost to buy a pair of American designer jeans costing $45 if the
exchange rate is 2.00 dollars per British pound?
A) 22.5 British pounds
B) 32.5 British pounds
C) 12.5 British pounds
D) 40 British pounds
E) 30 British pounds - Answers A
342-346
Difficulty: Easy
8) How many British pounds would it cost to buy a pair of American designer jeans costing $45 if the
exchange rate is 1.60 dollars per British pound?
A) 38.125 British pounds
B) 28.125 British pounds
C) 48.125 British pounds
D) 58.125 British pounds
E) 18.125 British pounds - Answers B
342-346
14.1 Exchange Rates and International Transactions
1) How many dollars would it cost to buy an Edinburgh Woolen Mill sweater costing 50 British pounds if
the exchange rate is 1.25 dollars per one British pound?
A) 50 dollars
B) 60 dollars
C) 70 dollars
D) 62.5 dollars
E) 40 British pounds - Answers D
342-346
Difficulty: Easy
2) How many dollars would it cost to buy an Edinburgh Woolen Mill sweater costing 50 British pounds if
the exchange rate is 1.50 dollars per one British pound?
A) 50 dollars
B) 60 dollars
C) 70 dollars
D) 80 dollars
E) 75 dollars - Answers E
342-346
Difficulty: Easy
3) How many dollars would it cost to buy an Edinburgh Woolen Mill sweater costing 50 British pounds if
the exchange rate is 1.80 dollars per one British pound?
A) 40 dollars
B) 90 dollars
,C) 50 dollars
D) 100 dollars
E) 95 dollars - Answers B
342-346
Difficulty: Easy
4) The Japanese currency is called the
A) DM.
B) Yen.
C) Euro.
D) Dollar.
E) Pound. - Answers B
342-346
Difficulty: Easy
5) How many British pounds would it cost to buy a pair of American designer jeans costing $45 if the
exchange rate is 1.50 dollars per British pound?
A) 10 British pounds
B) 20 British pounds
C) 30 British pounds
D) 35 British pounds
E) 25 British pounds - Answers C
342-346
Difficulty: Easy
6) How many British pounds would it cost to buy a pair of American designer jeans costing $45 if the
exchange rate is 1.80 dollars per British pound?
, A) 10 British pounds
B) 25 British pounds
C) 20 British pounds
D) 30 British pounds
E) 40 British pounds - Answers B
342-346
Difficulty: Easy
7) How many British pounds would it cost to buy a pair of American designer jeans costing $45 if the
exchange rate is 2.00 dollars per British pound?
A) 22.5 British pounds
B) 32.5 British pounds
C) 12.5 British pounds
D) 40 British pounds
E) 30 British pounds - Answers A
342-346
Difficulty: Easy
8) How many British pounds would it cost to buy a pair of American designer jeans costing $45 if the
exchange rate is 1.60 dollars per British pound?
A) 38.125 British pounds
B) 28.125 British pounds
C) 48.125 British pounds
D) 58.125 British pounds
E) 18.125 British pounds - Answers B
342-346
