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stars_and_moon stars_and_moon
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Posts: 3218
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7 years ago
You are considering buying a Japanese car.  The exchange rate last month was 150 yen per U.S. dollar and the exchange rate this month is 180 yen per U.S. dollar.  Which of the following is correct?
A) The car would have been cheaper last month.
B) The car is cheaper this month.
C) The price of U.S. cars would be expected to be higher this month than last month.
D) The price of the car does not depend on the exchange rate since you are buying the car in the U.S.
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kingbykingby
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#1
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Posts: 3218
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7 years ago
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#2
7 years ago
I figured, great answer
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#3
7 years ago
I instantly knew the answer when I read the question, happy to help
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