If the Exchange Rate Between the Dollar and the Euro

question 42

Multiple Choice

If the exchange rate between the dollar and the euro is equal to €0.76 per $1.00,then what is the U.S.dollar cost of a German-made Porsche costing €39,000?

• A)$29,640
• B)$51,316
• C)$39,000
• D)$297
• E)None of these

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Risk Profile

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Variations in the prices of goods and services over time, which can be influenced by factors like supply and demand, inflation, and market sentiment.

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