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What is the correct way to calculate the dollar price of a British car, if we know the price of the ...
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What is the correct way to calculate the dollar price of a British car, if we know the price of the ...
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
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3
rd
Authors:
Acemoglu, Laibson, List
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Dollar price of British car = (Price of British car in pounds) / (Exchange rate).
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Thanks for your help!!
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Smart ... Thanks!
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This site is awesome
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