Question

The currency in Great Britain is the pound (£), and the price of a particular British car is £12,000. On Monday, the exchange rate is £0.67 per dollar. On Friday, the exchange is £0.58 per dollar. What will happen to the price of the British car in the United States on Friday?

Answer 1

The price of the car will increase since the British pound will increase in value over the American dollar. I hope this helped.