Multiple Choice
If the exchange rate between the U.S. dollar and the Russian ruble was 0.04 ($0.04 = one ruble) , what would be the price in dollars of a bottle of Russian wine selling for 2,000 ruble?
A) $50
B) $80
C) $100
D) $500
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q107: If the exchange rate of the English
Q108: What are the three categories of transactions
Q109: If the exchange rate changes from 1
Q110: The prospect of a recession in the
Q111: An American investor purchasing a Japanese government
Q113: If the United States experiences an economic
Q114: With time, an appreciation in the value
Q115: Which of the following would most likely
Q116: If Thailand fixes the foreign exchange value
Q117: Other things constant, if Americans suddenly increased