Question

If the rate of exchange for a pound is $4, the rate of exchange for the dollar is:
a. 1/4 pound.
b. 4 pounds.
c.25.
d. $1.00.

Answer 1

It's A because If you take 1 pound, and get $4
£=$$
Then one of those dollars would be ¼ of one pound.
$=¼£