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:
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