Multiple Choice
In the United States, a three-pound can of coffee costs about $5. If the exchange rate is about 0.8 euros per dollar and a three-pound can of coffee in Belgium costs about 7 euros. What is the real exchange rate?
A) 7/4 cans of Belgian coffee per can of U.S. coffee
B) 5.6/5 cans of Belgian coffee per can of U.S. coffee
C) 5/5.6 cans of Belgian coffee per can of U.S. coffee
D) 4/7 cans of Belgian coffee per can of U.S. coffee
Correct Answer:
Verified
Correct Answer:
Verified
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