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If the Exchange Rate Between the Dollar and the Euro

Question 61

Multiple Choice

If the exchange rate between the dollar and the euro is equal to €0.8 per $1.00, then what is the U.S. dollar cost of a German-made Porsche costing €45,000?


A) $36,000
B) $39,000
C) $45,000
D) $56,250
E) None of these

Correct Answer:

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