The Exchange Rate Is 1

question 22

Multiple Choice

The exchange rate is 1.5 Bosnian markas per U.S.dollar.The price of a refrigerator in Bosnia is 1,200 markas while in the U.S.it is $1,000.The real exchange rate is

• A)9/5
• B)5/4
• C)4/5
• D)None of the above are correct.

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Definitions:

Direct Circular References

An error condition in formulas where two or more elements reference each other in a loop, causing a calculation problem.

Indirect Circular References

In spreadsheets, a situation where a formula refers back to its own cell directly or through a chain of references, potentially causing errors.

Worksheet Formulas

Predetermined calculations in spreadsheet software such as Excel, which manipulate data and display results based on input values.

Format Cells

The process of changing the appearance or data type of cells in a spreadsheet.