You're traveling in Ireland and are thinking about buying a new digital camera
You've decided you'd be willing to pay $125 for a new camera, but cameras in Ireland are all priced in euros. If the exchange rate is 0.85 euros per dollar, what's the highest price in euros you'd be willing to pay for a camera?
A) 105 euros B) 106.25 euros C) 110.15 euros D) 147 euros
B
You might also like to view...
Inflation is measured
A) as the percentage change in the consumer price index. B) as the percentage change in real GDP. C) using the level of real GDP. D) using the level of the consumer price index.
The purchase of rice produced this period is included in GDP if the rice is
a. used in a meal a restaurant sells during the same period they buy the rice. b. purchased by a family who uses it to make tuna casserole for its supper. c. purchased by a frozen food company to increase its inventory. d. B and C are correct.