MCQOPTIONS
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| 1. |
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 ? |
| A. | 2 francs per dollar |
| B. | 1 franc per dollar |
| C. | $2 per franc |
| D. | $3 per franc |
| Answer» B. 1 franc per dollar | |