If the Exchange Rate Between the U

question 66

Multiple Choice

If the exchange rate between the U.S. dollar and the Euro were 1.50 ($1.50 = one Euro) , what would be the price in dollars of a German automobile that cost 40,000 Euros?

• A) $10,000
• B) $20,000
• C) $60,000
• D) $200,000

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Definitions:

International Selling

The practice of selling products or services beyond one's own country.

Customs

Established and traditional practices of a particular society, culture, or organization.

Cold Canvassing

The process of approaching potential customers or clients directly, without prior contact, to offer products, services, or information.

Telephone Consumer Protection Act

A United States federal law enacted in 1991 designed to restrict telemarketing calls, the use of automated telephone equipment, and the sending of unsolicited faxes and texts.