The answer is D. My daughter just took this test
Cons, the lack of trading they could do and it kind of brought us into the war of 1812.
Pro, the cheaper prices we experienced in the US
♥ Ocean navigation is when you are moving some sort of water craft from one place to another.
Answer:
- <em>At an exchange rate of 1.05 euro per dollar the cost of a latté would be the same in the euro area as it did in the United States.</em>
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Explanation:
The contidion is that the two prices are equal:
- <em>exchange rate </em>× $2.8 = Euros 2.93
Solve for the <em>exchange rate</em>:
- <em>exchange rate</em> = Euros2.93/$2.80 = Euro 1.05/$
Thus, at an<em> exchange rate</em> of 1.05 euro per dollar <em>the cost of a latté would be the same in the euro area as it did in the United States.</em>