Multiple Choice
The exchange rate is 1.5 Bosnian markas per U.S.dollar.The price of a refrigerator in Bosnia is 1,200 markas while in the U.S.it is $1,000.The real exchange rate is
A) 9/5
B) 5/4
C) 4/5
D) None of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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