Solved

The Euro/dollar Exchange Rate Is €1 = $1

Question 42

Multiple Choice

The euro/dollar exchange rate is €1 = $1.20.According to the law of one price,a camera that retails for $300 in New York should sell for _____ in Germany.


A) €320
B) €300
C) €250
D) €360
E) €150

Correct Answer:

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