If the foreign exchange rate is N80 to £1, then a bicycle bought for £40 will cost? by Sunday | Aug 5 | Economics WAEC | 0 comments A. N15.00 B. N60.00 C. N100.00 D. N250.00 E. N320.00 Correct Answer: Option E – N320.00 Users Also Read These:Foreign exchange rate in a free market economy is…A policy by which government restricts the amount of…Under a floating exchange rate regime; the…A tractor costing N80,000.00 was sold for N20,000.00…If the price of a bicycle changes from N120 to N80…