Multiple Choice
In the United States,a cup of hot chocolate costs $5.In a foreign country,the same hot chocolate costs 6.5 units of that country's currency.If the exchange rate were 1.3 units of foreign currency per U.S.dollar,what is the real exchange rate?
A) 1/2 cup of that country's hot chocolate per cup of U.S.hot chocolate
B) 1 cup of that country's hot chocolate per cup of U.S.hot chocolate
C) 2 cups of that country's hot chocolate per cup of U.S.hot chocolate
D) None of the above is correct.
Correct Answer:

Verified
Correct Answer:
Verified
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