Multiple Choice
An individual in the US wants to buy a car from England which costs 12,000 pounds.If the exchange rate is $1.75/pound,how much will it cost him in dollar terms?
A) $21,000
B) $6,800
C) $12,000
D) Need more information
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: If the Chinese currency devalues compared to
Q2: Borrowing in foreign currency to buy imports
Q4: The demand for dollars is downward sloping
Q5: All of the following are true,except<br>A)Bubbles are
Q6: If the US interest rate is 4%
Q7: If Chinese consumers want to buy US
Q8: An increase in the US demand for
Q9: If buyers expect prices to _ faster
Q10: The purchasing power parity predicts that if
Q11: Holding other things constant,increases in the price