Suppose that a three-star hotel room costs US$80 per night in the United States and 80 euros per night in France (assume the quality of a three-star hotel room in the United States is the same as that of a three-star hotel room in France). Suppose that the exchange rate is 0.80 euros per U.S. dollar.
What is the price of the French hotel room in terms of U.S. dollars?
A. US$64
B. US$100
C. US$120
D. US$60What is the price of the French hotel room in terms of U.S. dollars?
$80/night at .8 euros to the dollar.
just multiply price by exchange rate.
80 x .8 = 64 euros, answer A.
NSW Research chemicals
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