Mock (AM) Q 20 interpret, currency, question, foreign, morning

HuskyGrad2010

Mock exam morning session
Mary Marconi Scenario
Exhibit 1

Normally in foreign currency context x:y = y/x
So ratio of US price level/ UK price level is 1.5:1 means 1/1.5.

However, answer key for question 20 interpret this in other way around?