menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Economics
  4. Exam
    Exam 31: Open-Economy Macroeconomics: Basic Concepts
  5. Question
    If You Were Told That the Exchange Rate Was 1
Solved

If You Were Told That the Exchange Rate Was 1

Question 127

Question 127

Multiple Choice

If you were told that the exchange rate was 1.2 Canadian dollars per U.S.dollar,a watch that costs $12 US dollars would cost


A) $8.5 Canadian dollars.
B) $10 Canadian dollars.
C) $12.20 Canadian dollars.
D) $14.40 Canadian dollars.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q78: Net exports of a country are the

Q96: When Microsoft establishes a distribution center in

Q113: A country sells more to foreign countries

Q122: The country of Sylvania has a GDP

Q123: If the U.S.real exchange rate appreciates,U.S.net exports<br>A)increase

Q125: Sue,a U.S.citizen,buys stock in an Italian automobile

Q126: Which of the following would be U.S.foreign

Q130: For many macroeconomic questions concerning large economies,international

Q132: Other things the same,if the exchange rate

Q159: The increase in international trade in the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines