During the past few years Great Britian's pund has been worth between $1 and $2 in US currency. Suppose the rate of exchange is $1.50 for each pund.
a. What is the value in dollars for 5 punds?
b. WHat is the value in pounds for $25.50?
5pounds *(1.5 dollars/pound)=?
25.50dollars* 1pound/1.5dollars=?