If the exchange rate between the U.S. dollar and the Euro were 1.50 ($1.50 = one Euro), what would be the price in dollars of a German automobile that cost 40,000 Euros?

Name: If the exchange rate between the U.S. dollar and the Euro were 1.50 ($1.50 = one Euro), what would be the price in dollars of a German automobile that cost 40,000 Euros?
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Question

Quizplus · Accepted Answer

To convert the cost of the automobile from Euros to dollars, multiply the cost in Euros by the exchange rate: 40,000 Euros * $1.50/Euro = $60,000.

If the Exchange Rate Between the U