Digital PSAT Math Practice Question 106: Answer and Explanation

Question: 106

Year

Exchange Rate of Currency X to Currency Y

2000

2.30

2001

15.35

2002

55.42

2003

121.56

2004

237.83

Which of these statements accurately represents the data in the table above?

  • A. As time goes by, Currency X is becoming relatively more valuable than Currency Y.
  • B. As time goes by, Currency Y is becoming relatively more valuable than Currency X.
  • C. As time goes by, Currency X is approaching the same value as Currency Y.
  • D. No relationship can be determined between Currency X and Currency Y.

Correct Answer: B

Explanation:

(B) As time goes by, the exchange rate increases drastically. In 2000, every unit of Currency Y was equal to 2.3 units of Currency X. However, in 2004, 1 unit of Currency Y was equal to 237.83 units of Currency X. That means that Currency Y is becoming more valuable with respect to Currency X because Currency Y is becoming worth more than Currency X. This matches choice (B).

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