Multiple Choice
In Canada, a cup of hot chocolate costs $6. In Australia, the same hot chocolate costs $6 Australian dollars. If the exchange rate is $3 Australian dollars per Canadian dollar, what is the real exchange rate?
A) 1/2 cup of Australian hot chocolate per cup of Canadian hot chocolate
B) 1 cup of Australian hot chocolate per cup of Canadian hot chocolate
C) 2 cups of Australian hot chocolate per cup of Canadian hot chocolate
D) 3 cups of Australian hot chocolate per cup of Canadian hot chocolate
Correct Answer:
Verified
Correct Answer:
Verified
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