Use the Following to Answer Questions

question 113

Multiple Choice

Use the following to answer questions:
A car costs $30 000 in Canada and the exchange rate is $1 = £0.50.The same car costs £12 000 in Britain.
-According to the principle of purchasing power parity,if a 20-mL bottle of Diet Coke costs €0.80 in Paris,£0.50 in London,and $1.10 in Toronto,the exchange rate between the:

• A) euro and the pound should be €0.40 = £1.
• B) Canadian dollar and the euro should be $0.72 = €1.
• C) Canadian dollar and the pound should be $0.45 = £1.
• D) euro and the pound should be €1.60 = £1.

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Definitions:

Spelling Test

An assessment tool used to evaluate an individual’s ability to accurately spell words.

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the successful completion or attainment of a goal, task, or challenge, often recognized through rewards or social acknowledgment.

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A numerical or categorical indicator of an individual's performance on an assessment or examination.

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