If a bottle of Australian wine priced at 60 Australian dollars can be purchased for $24, then the exchange rate between the U.S. dollar and the Australian dollar is:
A) $1.00 = 0.25 Australian dollars.
B) $1.00 = 0.40 Australian dollars.
C) $1.00 = 2.50 Australian dollars.
D) $1.00 = 4.00 Australian dollars.
Correct Answer:
Verified
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