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The chart below shows an exchange rate table.

| Currency | Exchange Rate (US dollar = 1) |
|-----------------|-------------------------------|
| Canadian dollar | 1.0278 |
| Swiss franc | 0.9508 |
| Euro | 0.7689 |
| British pound | 0.6706 |
| Japanese yen | 96.1503 |

Which statement accurately interprets the information on the chart?

A. Japan's currency shows that it has the strongest economy of any country.
B. The value of each currency is shown in relation to the US dollar.
C. It would take six British pounds to purchase one US dollar.
D. Swiss francs are the strongest currency in Europe.

Sagot :

GinnyAnsweridn
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
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