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In the United States,we Can Buy a Pair of Shoes

Question 35

Multiple Choice

In the United States,we can buy a pair of shoes for $36.These shoes are identical in all aspects to a pair of shoes from Japan that be purchased for ¥6,000 including shipping costs.What dollar amount can we save by buying the shoes in the United States if the exchange rate is $1 for ¥150?


A) $5.00
B) $4.00
C) $3.00
D) $2.00

Correct Answer:

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