If the Exchange Rate Is 3 Units of Peruvian Currency

question 161

Multiple Choice

If the exchange rate is 3 units of Peruvian currency per dollar and a hotel room in Lima costs 300 units of Peruvian currency, then how many dollars do you need to get a room?

• A)900 and your purchase will increase Peru's net exports.
• B)100 and your purchase will increase Peru's net exports.
• C)900 and your purchase will have no effect on Peru's net exports.
• D)100 and your purchase will have no effect on Peru's net exports.

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Definitions:

Parietal Lobe

One of the four major lobes of the cerebral cortex in the brain, responsible for processing sensory information regarding the location of parts of the body, as well as interpreting visual information and processing language and mathematics.

Hippocampus

An essential part of the limbic system involved in forming new memories and connected to emotions and spatial orientation.

Memory for Places

The cognitive ability to recognize, recall, and navigate different locations and environments.

Visual Object Memory

Visual object memory pertains to the ability to recognize and remember visual images and objects.