Multiple Choice
If the exchange rate between the U.S. dollar and the euro was 1.20 ($1.20 = one euro) , what would be the price in dollars of a bottle of French wine selling for 40 euro?
A) $33.33
B) $40
C) $48
D) $120
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q80: Under a system of flexible exchange rates,
Q81: If a nation wants to maintain a
Q82: If the value of a nation's merchandise
Q83: The United States is a net importer
Q84: Explain how an increase in the American
Q86: If a German pension fund decides to
Q87: If the exchange rate of the English
Q88: An appreciation in the value of the
Q89: Which one of the following is a
Q90: An appreciation in the value of the