Question

Based on currency valuations only, which of these countries would appear to have the best situation for manufacturing/exporting? Which would be best suited to import goods? Another way to look at it is which are the strongest and weakest currencies?

Country	British pounds	U.S. dollars	Bermuda dollars	Czech koruna	Saudi Arabia riyal
1 British pound buys	X	1.49	1.4	28.43	5.24
1 U.S. dollar buys	0.67	X	0.91	18.21	3.31
1 Bermuda dollar buys	0.72	1.1	X	20.36	3.75
1 Czech koruna buys	0.04	0.055	0.05	X	0.18
1 Saudi Arabia riyal buys	0.19	0.302	0.27	5.43	X

	A.	Czech, Britain
	B.	Bermuda, U.S.
	C.	U.S., Britain
	D.	Saudi Arabia, Bermuda
	E.	Saudi Arabia, Czech

Answer 1

We can start by comparing the currencies. Here, a British pound buys 1.49 U.S dollars, 1.4 Bermuda dollars, 28.43 CZech Koruna and 5.24 Saudi Arabia RIyal.

Every other currency can be bought with a higher numeric value than the British pound.

British Pound is the strongest currency.

Now, we can look at the currency with the highest numeric value bought by the British pound. It is 28.43 CZech Koruna. Hence, CZech Koruna is the weakest currency.

Option A is the right answer.