Which accurately explains what an exchange rate of 1 to 6 between u. s. dollars and egyptian pounds means?

a) one u. s. dollar will buy six egyptian pounds.
b) for every one u. s. dollar in circulation there are six egyptian pounds.
c) it takes six u. s. dollars to buy one egyptian pound.
d) the gdp of the united states is six times larger than the gdp of egypt.

(A) One U.S. dollar will buy six Egyptian pounds.

Explanation:

It is not unexpected to utilize GDP as a proportion of financial welfare or way of life in a country. When looking at the GDP of various countries, for this reason, two issues quickly emerge.

The GDP of a nation is estimated in its very own cash—the United States utilizes the US dollar; most countries of Western Europe use the euro; Egypt uses the pound, and Mexico employs the peso. Along these lines, contrasting GDP between two nations requires changing over to typical money.

37 i just had the same problem

answer: in july 1862

explanation: during the american civil war, president abraham lincoln and congress passed the revenue act of 1862, creating the office of commissioner of internal revenue and enacting a temporary income tax to pay war expenses. the revenue act of 1862 was passed as an emergency and temporary war-time tax.