If the bank sells one franc for $0.45, what is the implied number of francs per dollar?

Foreign Exchange MCQs for PPSC, FPSC, NTS, and Pakistan government job tests. Select an option below, then read the explanation.

PPSCFPSCNTSPakistan govt jobs
Subject
Foreign Exchangeeconomics-mcqs › foreign-exchange
Published
1 Jun 2019
Last updated
28 May 2026

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Explanation

Since 1 franc costs $0.45, the dollar price in francs is calculated as 1 ÷ 0.45 = 2.222 francs per dollar.

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