Solved

In the United States,a Cup of Hot Chocolate Costs $5

Question 249

Multiple Choice

In the United States,a cup of hot chocolate costs $5.In Australia,the same hot chocolate costs $6.5 Australian dollars.If the exchange rate is $1.3 Australian dollars per U.S.dollar,what is the real exchange rate?


A) 1/2 cup of Australian hot chocolate per cup of U.S.hot chocolate
B) 1 cup of Australian hot chocolate per cup of U.S.hot chocolate
C) 2 cups of Australian hot chocolate per cup of U.S.hot chocolate
D) None of the above is correct.

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