A car costs 30000 in the us the same car costs 12000 pounds


A car costs $30,000 in the US. The same car costs 12,000 pounds in Britain. The exchange rate is $1 = 0.5 pounds. 22.1. Refer to the scenario. What is the real exchange rate expressed in terms of cars?

A. 1 US car is equivalent to 1.25 British cars. B. 1 US car is equivalent to 0.8 of a British car. C. 1 US car is equivalent to 2.5 British cars. D. 1 US car is equivalent to 0.5 of a British car.

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Business Economics: A car costs 30000 in the us the same car costs 12000 pounds
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