1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aleksley [76]
3 years ago
14

According to The Economist​, in early 2004 the average price of a tall​ latté in Starbucks in the United States was​ $2.80. In t

he countries that use the​ euro, the average price was 2.93 euros. Because the exchange rate at this time was 0.79 euro per​ dollar, the dollar price of​ lattés in the euro area was​ $3.70.At what exchange rate between the dollar and the euro would a latté cost the same in the euro area as it did in the United States?
Social Studies
1 answer:
Setler79 [48]3 years ago
5 0

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>

<em></em>

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>

You might be interested in
Self-esteem is only determined by family heredity.<br> a. True<br> b. False
VikaD [51]
B False, there are many other factors that play a role in self-esteem
5 0
3 years ago
Read 2 more answers
Which of the following statements best describes how Europeans have changed the land?
kaheart [24]

Answer to Which of the following statements best describes how Europeans have changed the land? A. They have built 

3 0
3 years ago
Read 2 more answers
Determine the range of the function graphed above
andriy [413]

Answer: C (-infinite, 4)

5 0
3 years ago
Read 2 more answers
Stronger muscles lead to stronger bones by slowing the rate of bone loss
il63 [147K]
Stronger muscles lead to stronger bones and slowing the rate of bone loss, at least in most of the cases. This is due to the fact that stronger muscles support the bones more, thus relieving the bones of some percentage of stress, because some of that stress on the bones is then shared with the muscles.
5 0
3 years ago
Read 2 more answers
The social desirability effect refers to the
sweet [91]
Social desirability bias <span>is the tendency of </span>survey<span> respondents to answer questions in a manner that will be viewed favorably by others. It can take the form of over-reporting "good behavior" or under-reporting "bad. For example: if a survey asks "how often do you masturbate/fap", most people would lie and choose the option with the least amount.</span>
5 0
3 years ago
Other questions:
  • How is value related to scarcity and utility?
    5·1 answer
  • How could you invest in your human capital?
    11·1 answer
  • When children were randomly assigned to watch either a violent film or an exciting film about bicycle racing and then played flo
    12·1 answer
  • Plzz answer!<br><br> Explain how Indirect rule is like a Federal Autocracy
    14·1 answer
  • Suppose that 62 %62% of families living in a certain country own aa minivanminivan and 16 %16% own aa trucktruck. The addition r
    11·1 answer
  • The study of ancient people’s
    10·1 answer
  • Why did Prince Siddhartha Gautama wander his kingdom for six years? He looked for riches to help people in poverty. He searched
    8·2 answers
  • The Chief Minister is the key-man, he is like a sun amongst his ministerial planets. Justify
    6·1 answer
  • Which statement best describes the Mauryan Empire’s standing army under Aśoka’s rule?
    8·2 answers
  • 6. Which of the following is a challenge usually associated with adolescence?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!