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    International Economics Study Set 9
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    Exam 13: Introduction to Exchange Rates and the Foreign Exchange Market
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    A Dining Table Costs $3,000 in New York and the Same
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A Dining Table Costs $3,000 in New York and the Same

Question 3

Question 3

Multiple Choice

A dining table costs $3,000 in New York and the same table costs 5,000 euros in Rome. Thus, $1 is equal to:


A) 1 euro.
B) 2 euros.
C) 1.67 euros.
D) 0.6 euros.

Correct Answer:

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