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If a toy costs 30 yuan in China, how much will it cost in dollars, if the exchange rate is 6 yuan per dollar?
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If a toy costs 30 yuan in China, how much will it cost in dollars, if the exchange rate is 6 yuan per dollar?
If a toy costs 30 yuan in China, how much will it cost in dollars, if the exchange rate is 6 yuan per dollar?
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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The cost of the toy in dollars would be 30 yuan × $1/(6 yuan) = $5.
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exteesy07
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Brilliant
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You make an excellent tutor!
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