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>
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The answer would be A) anvil. :)
Social distancing and there’s no hand sanitizers or Lysol spray.
