Math

QuestionThe British pound, yen, and euro are examples of: A. exchange rates B. currencies C. tariffs D. quotas. Select the best answer.

Studdy Solution

STEP 1

Assumptions1. The British pound, the yen, and the euro are examples of something related to international finance or economics. . We need to select the best answer from the options provided.

STEP 2

We need to understand the definitions of the options provided.
A. Exchange rates The value of one currency for the purpose of conversion to another. B. Currencies A system of money in general use in a particular country. C. Tariffs A tax or duty to be paid on a particular class of imports or exports. . Quotas A limited or fixed number or amount of people or things, in particular.

STEP 3

Now, we compare the examples given in the question (British pound, yen, and euro) with the definitions of the options.
The British pound, the yen, and the euro are all systems of money in general use in their respective countries (UK, Japan, and countries in the Eurozone). Therefore, they match the definition of 'currencies'.

STEP 4

Based on the comparison in3, the best answer from the choices provided is 'B. Currencies'.
The British pound, the yen, and the euro are examples of currencies.

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