In the USA Digital Camera Costs $200

question 40

Multiple Choice

In the U.S.a digital camera costs $200.The same camera in London sells for 90 pounds.If the exchange rate were .50 pounds per dollar,then which of the following would be correct?

• A)The real exchange rate is greater than 1.A person in London with $200 could exchange them for pounds and have more than enough to buy the camera there.
• B)The real exchange rate is greater than 1.A person in London with $200 could exchange them for pounds but then wouldn't have enough to buy the camera there.
• C)The real exchange rate is less than 1.A person in London with $200 could exchange them for pounds and have more than enough to buy the camera there.
• D)The real exchange rate is less than 1.A person in London with $200 could exchange them for pounds but then wouldn't have enough to buy the camera.

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Definitions:

Sodium Chloride

Common salt; an ionic compound with the formula NaCl, essential for life and used in food seasoning and preservation.

Soluble

The ability of a substance to dissolve in a solvent, forming a solution.

Equilibrium

A state in which opposing forces or influences are balanced, often used in chemical contexts to describe reactions.

Aerobic Respiration

The process by which cells use oxygen to break down glucose and produce ATP, involving the Krebs cycle and electron transport chain.