Tuesday, February 23, 2010

What is the price of the French hotel room in terms of U.S. dollars?

Suppose that a generic hotel room costs US$80 per night in the United States and 80 euros per night in France. Suppose that the exchange rate is 0.80 euros per U.S. dollar.











A. US$60





B. US$120





C. US$100





D. US$64What is the price of the French hotel room in terms of U.S. dollars?
d

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