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rafiki121 rafiki121
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2 months ago
What is the correct way to calculate the dollar price of a British car, if we know the price of the car in British pounds and we also know the British per dollar exchange rate?

▸ Dollar price of British car = (Price of British car in pounds) / ( 1/Exchange rate).

▸ Dollar price of British car = (Price of British car in pounds) (Exchange rate).

▸ Dollar price of British car = (Price of British car in pounds) / (Exchange rate).

▸ Dollar price of British car = (Exchange rate) / (Price of British car in pounds).
Textbook 

Macroeconomics


Edition: 3rd
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sillysquirrelsillysquirrel
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2 months ago
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Dollar price of British car = (Price of British car in pounds) / (Exchange rate).

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rafiki121 Author
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2 months ago
Thanks for your help!!
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Yesterday
Smart ... Thanks!
ky
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2 hours ago
This site is awesome
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