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In the US a Delivery Van Costs $30,000

question 67

Essay

In the U.S. a delivery van costs $30,000. In Uruguay the same delivery van costs 720,000 pesos. The nominal exchange rate is 20 pesos per dollar.
A. Find the real exchange rate. Show your work.
B. In terms of dollars where is the television cheaper?


Definitions:

HAc

The chemical formula notation for acetic acid, a colorless liquid organic compound known for its sour taste and pungent smell, represented by CH3COOH.

K

K is the chemical symbol for Potassium, a soft, silvery-white metallic element in the alkali metal group with atomic number 19.

[H+]

The concentration of hydrogen ions in a solution, indicating its acidity or basicity.

[H+]

[H+] represents the concentration of hydrogen ions in solution, commonly associated with acidity.

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