The euro/dollar exchange rate is €1-$1.20. According to the law of one price, a camera that retails for $300 in New York should sell for ________ in Germany.

Question

asked Apr 23, 2020 49.4k views

1 Answer

← Prev Question Next Question →

Ask a Question

Yvan Vander Sanden · Answer 1 · 2020-04-30T01:33:30+0000

Answer:

The euro/dollar exchange rate is €1-$1.20. According to the law of one price, a camera that retails for $300 in New York should sell for €250 in Germany.

Step-by-step explanation:

By rule of three:

if $1,2 ------ €1

$300------ x= €250

The euro/dollar exchange rate is €1-$1.20. According to the law of one price, a camera that retails for $300 in New York should sell for ________ in Germany.

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions