Multiple Choice
If the exchange rate is .70 euro per dollar,the price of an MP3 player in Paris is 150 euros and the price of an MP3 player in the U.S.is $150,then what is the real exchange rate?
A) 1/.70 French MP3 players per U.S.MP3 player
B) 1 French MP3 players per U.S.MP3 player
C) .70 French MP3 players per U.S.MP3 player.
D) None of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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