The table presents nominal exchange rate data.
$$\begin{array} { | l | }
\hline \text { NOMINAL EXCHANGE RATE } \
\hline 1.28 \text { US dollars per British pound } \
\hline 1.11 \text { US dollars per European Euro } \
\hline 0.68 \text { US dollars per Australian dollar } \
\hline 0.1 \text { US dollars per Swedish krona } \
\hline 0.02 \text { US dollars per Russian ruble } \
\hline
\end{array}$$
(a) Which meal is cheaper in terms of US dollars: lunch for 7 British pounds in London, or lunch for 400 rubles in Moscow?
(b) Which meal is cheaper in terms of US dollars: lunch for 7 British pounds in London, or lunch for 7 Australian dollars in Melbourne?
(c) Which meal is cheaper in terms of US dollars: lunch for 7 British pounds in London, or lunch for 150 Swedish krona in Stockholm?

Question

The table presents nominal exchange rate data.
 $$\begin{array} { | l | } 
\hline \text { NOMINAL EXCHANGE RATE } \
\hline 1.28 \text { US dollars per British pound } \
\hline 1.11 \text { US dollars per European Euro } \
\hline 0.68 \text { US dollars per Australian dollar } \
\hline 0.1 \text { US dollars per Swedish krona } \
\hline 0.02 \text { US dollars per Russian ruble } \
\hline
\end{array}$$ ​
(a) Which meal is cheaper in terms of US dollars: lunch for 7 British pounds in London, or lunch for 400 rubles in Moscow?
(b) Which meal is cheaper in terms of US dollars: lunch for 7 British pounds in London, or lunch for 7 Australian dollars in Melbourne?
(c) Which meal is cheaper in terms of US dollars: lunch for 7 British pounds in London, or lunch for 150 Swedish krona in Stockholm?

Quizplus · Accepted Answer

The Answer of The table presents nominal exchange rate data.
 $$\begin{array} { | l | } 
\hline \text { NOMINAL EXCHANGE RATE } \
\hline 1.28 \text { US dollars per British pound } \
\hline 1.11 \text { US dollars per European Euro } \
\hline 0.68 \text { US dollars per Australian dollar } \
\hline 0.1 \text { US dollars per Swedish krona } \
\hline 0.02 \text { US dollars per Russian ruble } \
\hline
\end{array}$$ ​
(a) Which meal is cheaper in terms of US dollars: lunch for 7 British pounds in London, or lunch for 400 rubles in Moscow?
(b) Which meal is cheaper in terms of US dollars: lunch for 7 British pounds in London, or lunch for 7 Australian dollars in Melbourne?
(c) Which meal is cheaper in terms of US dollars: lunch for 7 British pounds in London, or lunch for 150 Swedish krona in Stockholm?

The Table Presents Nominal Exchange Rate Data ​ (A) Which Meal Is Cheaper in Terms of US

The Table Presents Nominal Exchange Rate Data
(A) Which Meal Is Cheaper in Terms of US