Suppose that a kilogram can of coffee costs about $16 in Canada. Suppose the exchange rate is 0.7 euro per dollar and that a kilogram can of coffee in Belgium costs about 5.6 euros. What is the real exchange rate?
A) 3/4 cans of Belgian coffee per can of Canadian coffee
B) 2 cans of Belgian coffee per can of Canadian coffee
C) 2.45 cans of Belgian coffee per can of Canadian coffee
D) 3.5 cans of Belgian coffee per can of Canadian coffee

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The Answer of Suppose that a kilogram can of coffee costs about $16 in Canada. Suppose the exchange rate is 0.7 euro per dollar and that a kilogram can of coffee in Belgium costs about 5.6 euros. What is the real exchange rate?
A) 3/4 cans of Belgian coffee per can of Canadian coffee
B) 2 cans of Belgian coffee per can of Canadian coffee
C) 2.45 cans of Belgian coffee per can of Canadian coffee
D) 3.5 cans of Belgian coffee per can of Canadian coffee

Suppose That a Kilogram Can of Coffee Costs About $16