Multiple Choice
In Ireland, a pint of beer costs 5 euros. In Australia, a pint of beer costs 6 Australian dollars. If the exchange rate is 0.6 euros per Australian dollar, what is the real exchange rate?
A) 0.5 pints of Irish beer per pint of Australian beer
B) 0.72 pints of Irish beer per pint of Australian beer
C) 1.39 pints of Irish beer per pint of Australian beer
D) 2 pints of Irish beer per pint of Australian beer
Correct Answer:

Verified
Correct Answer:
Verified
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