Suppose That a Swiss Watch That Costs 400 Francs in Switzerland

question 81

Multiple Choice

Suppose that a Swiss watch that costs 400 francs in Switzerland costs $200 in the United States.The exchange rate between the franc and the dollar is

• A) 2 francs per dollar.
• B) 1 franc per dollar.
• C) $2 per franc.
• D) $3 per franc.