An individual in the US wants to buy office equipment from England which costs 2,000 pounds.If the exchange rate is 1pound=$1.9,how much will the office equipment cost him in dollar terms?
A) $2,000
B) $2,800
C) $3,800
D) $1052
Correct Answer:
Verified
Q4: The equilibrium price in the market for
Q5: When interest rates fall,people are
A)More likely to
Q6: In the market for Canadian dollars measured
Q7: In the market for Canadian dollars measured
Q8: In the market for Canadian dollars measured
Q10: Holding other things constant,an increase in the
Q11: The demand for dollars is downward sloping
Q12: When interest rates go down,people are
A)more likely
Q13: Holding other things constant,an appreciation of the
Q14: When interest rates go up,people are
A)More likely
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