In: Finance
Question text The price of British Pounds "in US dollars" was 1.5355 last month and is 1.5347 today. Which of the following is TRUE given this information? Select one: a. The value of the US dollar has not changed with respect to the British Pound. b. The British Pound has lost value against the US dollar. c. Turning 100 British Pounds into US dollars today would give you approximately one more dollar compared to the amount of you would have received last month. d. Today, $1000 US dollars would give you approximately 1,535 British Pounds. e. Today, 1000 British Pounds can be converted into approximately $652 US dollars.