If a video game costs $30 in the United States and 27 in the United Kingdom, what
Question:
If a video game costs $30 in the United States and £27 in the United Kingdom, what is the real “video game” exchange rate? Look up the current dollar–pound exchange rate and compare the two prices. What do you conclude?
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To determine the real video game exchange rate we need to compare the prices of the video game in di...View the full answer
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Muhammad Salman Alvi
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