Multiple Choice
A particular brand of toothpaste costs 4 British pounds in London.The nominal exchange rate is .80 and the real exchange rate is about 1.16.These numbers imply that the U.S.price of the same toothpaste is about
A) $5.79
B) $4.29
C) $3.70
D) $2.76
Correct Answer:
Verified
Correct Answer:
Verified
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