A Bagel Cost $1 in New York and 0

question 9

Multiple Choice

A bagel cost $1 in New York and 0.5 euros in Paris. If the real exchange rate is one-half of a New York bagel for a Parisian bagel, how many euros should you receive in exchange for one dollar?

• A) 0.1
• B) 2
• C)0.25
• D) 1.5

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Definitions:

FMCG Company

Fast Moving Consumer Goods company; specializes in manufacturing, distribution, and marketing of products that are frequently purchased such as food, beverages, cleaning products, and personal care items.

Retailer

A business or person that sells goods to consumers, typically in small quantities and through a storefront, online platform, or other direct-to-consumer channels.

Provide Follow-up

The act of continuing communication or action with a customer or client after an initial interaction, sale, or service to ensure satisfaction, address concerns, or encourage future business.

Sales Presentations

Structured demonstrations or talks aimed at showcasing a product's features and benefits to persuade potential customers to make a purchase.