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Question text The price of British Pounds \"in US dollars\" was 1.5355 last month and is...

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Finance

Question text The price of British Pounds \"in US dollars\" was1.5355 last month and is 1.5347 today. Which of the following isTRUE given this information? Select one: a. The value of the USdollar has not changed with respect to the British Pound. b. TheBritish Pound has lost value against the US dollar. c. Turning 100British Pounds into US dollars today would give you approximatelyone more dollar compared to the amount of you would have receivedlast month. d. Today, $1000 US dollars would give you approximately1,535 British Pounds. e. Today, 1000 British Pounds can beconverted into approximately $652 US dollars.

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