In the United States,a three-pound can of coffee costs about $5.If the exchange rate is 0.8 euros per dollar and a three-pound can of coffee in Belgium costs 7 euros.What is the real exchange rate?
A) 7/4 cans of Belgian coffee per can of U.S.coffee
B) 5.6/5 cans of Belgian coffee per can of U.S.coffee
C) 5/5.6 cans of Belgian coffee per can of U.S.coffee
D) 4/7 cans of Belgian coffee per can of U.S.coffee
Correct Answer:
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