Exchange rates are determined by _____________.
a. the presence or absence of trade barriers.
b. banks, labor unions, and non-profit organizations.
c. the relative scarcity of a good or service.
d. market prices of one country's currency in another country's currency (?)
A small town has one pizza place. It charges $15 for a large one-topping pizza. One spring, a new pizza place opens. The original pizza place changes its price. What is most likely the new price?
a. $12 (?)
b. $16
c. $18
d. $20
1 answer
Yes. Both of your answers are right.
1 answer