Question

The quote for GBP/USD is listed as 1.5869/76 as shown. How many U.S. dollars does it cost to buy 1 British pound?

Answer 1

1.5876

Explanation:

Here is the screenshot for the image to this question for more context on why this is the answer.

Answer 2

1.586976 US Dollars

Explanation:

Great Britain Pound/United States Dollar = 1.586976

`\frac{\text{1 Great Britain Pound}}{\text{1 United States Dollar}}=1.586976\\\Rightarrow \text{1 Great Britain Pound}=1* 1.586976 \text{1 United States Dollar}}`

This means that 1.586976 United States Dollar is need to buy 1 British pound.