Using exchange rates, it is possible to price-compare in different nations. If an iPod costs $90 in the United States and €45 in France, in which nation would you get the better deal when the dollar-euro exchange rate is $2/€?
A) The iPod would be cheaper in France.
B) The iPod would be cheaper in the United States.
C) The iPod would cost the same in both countries.
D) From the information provided, it is impossible to answer this question.

Question

Quizplus · Accepted Answer

The cost of the iPod in France in dollars is €45 * $2/€ = $90, which is the same as the cost in the United States.

Using Exchange Rates, It Is Possible to Price-Compare in Different