Solved

In Nairobi, Kenya, a Bottle of Olive Oil Costs 1,320

Question 18

Multiple Choice

In Nairobi, Kenya, a bottle of olive oil costs 1,320 Kenyan shillings. At your local Stop & Shop supermarket in the United States, the same bottle of olive oil costs $7.98. If the exchange rate is 103 Kenyan shillings per U.S. dollar, then what is the U.S. dollar price of the olive oil in Kenya?


A) $10.30
B) $12.82
C) $7.98
D) $13.20

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents