Suppose that a Swiss television set that costs 400 francs in Switzerland cost $200 in the United States. The exchange rate between the franc and the dollar is ?
Correct answer: A. 2 francs per dollar
- A. 2 francs per dollar
- B. 1 franc per dollar
- C. $2 per franc
- D. $3 per franc
Explanation
If 400 francs equal 200 dollars, dividing both sides by 200 gives 2 francs per dollar. Equivalently, one franc is worth 50 cents.
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