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:A coil X is moved quickly away from the end Y of a…A floating exchange rate means that the exchange…If the price of a bicycle changes from N120 to N80…If the death rate of a country is 52% and the growth…Foreign exchange rate in a free market economy is…