Join the IDNLearn.com community and get your questions answered by knowledgeable individuals. Get the information you need quickly and accurately with our reliable and thorough Q&A platform.
Sagot :
Let's analyze each of the given statements in relation to the exchange rate table provided:
1. "Japan's currency shows that it has the strongest economy of any country."
- The exchange rate for the Japanese yen is 96.1503, meaning 1 US dollar is equivalent to about 96.1503 Japanese yen. A higher numerical exchange rate does not necessarily indicate a stronger economy. The strength of a currency is not a direct measure of the overall strength of an economy.
2. "The value of each currency is shown in relation to the US dollar."
- This statement accurately describes the table. The exchange rates given reflect how much of each foreign currency is equivalent to 1 US dollar. For instance, 1 US dollar equals 1.0278 Canadian dollars, 0.9508 Swiss francs, and so forth.
3. "It would take six British pounds to purchase one US dollar."
- According to the table, 1 US dollar is equal to 0.6706 British pounds. This means that you would not need six British pounds to purchase one US dollar. This statement is incorrect.
4. "Swiss francs are the strongest currency in Europe."
- While 1 US dollar equals 0.9508 Swiss francs, determining the 'strongest' currency is not straightforward just by looking at exchange rates alone. There are many other factors to consider such as economic stability, inflation rates, and purchasing power parity. This single data point is not sufficient to make such a claim.
Given these analyses, the statement that accurately interprets the information in the exchange rate table is:
"The value of each currency is shown in relation to the US dollar."
Therefore, the correct answer is:
2
1. "Japan's currency shows that it has the strongest economy of any country."
- The exchange rate for the Japanese yen is 96.1503, meaning 1 US dollar is equivalent to about 96.1503 Japanese yen. A higher numerical exchange rate does not necessarily indicate a stronger economy. The strength of a currency is not a direct measure of the overall strength of an economy.
2. "The value of each currency is shown in relation to the US dollar."
- This statement accurately describes the table. The exchange rates given reflect how much of each foreign currency is equivalent to 1 US dollar. For instance, 1 US dollar equals 1.0278 Canadian dollars, 0.9508 Swiss francs, and so forth.
3. "It would take six British pounds to purchase one US dollar."
- According to the table, 1 US dollar is equal to 0.6706 British pounds. This means that you would not need six British pounds to purchase one US dollar. This statement is incorrect.
4. "Swiss francs are the strongest currency in Europe."
- While 1 US dollar equals 0.9508 Swiss francs, determining the 'strongest' currency is not straightforward just by looking at exchange rates alone. There are many other factors to consider such as economic stability, inflation rates, and purchasing power parity. This single data point is not sufficient to make such a claim.
Given these analyses, the statement that accurately interprets the information in the exchange rate table is:
"The value of each currency is shown in relation to the US dollar."
Therefore, the correct answer is:
2
We are delighted to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. Your questions are important to us at IDNLearn.com. Thanks for stopping by, and come back for more reliable solutions.