Multiple Choice
Suppose India borrows $10,000 from the United States at the beginning of 2016. The flexible exchange rate is 50 Indian rupees per dollar.
-Refer to the scenario above. The amount of the loan in rupees is ________.
A) 50
B) 10,000
C) 30,000
D) 500,000
Correct Answer:
Verified
Correct Answer:
Verified
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