If the United Kingdom buys gold for $60 an ounce and Nigeria buys the same ounce for N500, what will be United Kingdom’s exchange rate with Nigeria?
-
A.
$0.05 = N1.00 -
B.
$0.06 =N1.00 -
C.
$0.11 =N1.00 -
D.
$0.12 =N1.00
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