Suppose the exchange rate between the U.S. dollar and the French franc is 0.25 francs per dollar. If a television sells for 100 francs in France, what is the dollar price of the television set?
A) $400
B) $25
C) $50
D) $200

Question

Quizplus · Accepted Answer

To convert the price from francs to dollars, divide the price in francs (100 francs) by the exchange rate (0.25 francs per dollar), which gives 400 dollars.

Suppose the Exchange Rate Between the U