A comparable hotel room in hanover germany costs 200 euro., Ask an Expert

Economics

Suppose the U.S. dollar price of a British pound is $1.50; the dollar price of a euro is $1; a hotel room in London, England costs 120 British pounds; and a comparable hotel room in Hanover, Germany, costs 200 euro. A) Which hotel room is cheaper for a U.S. Tourist? B) What is the exchange rate between the euro and the British pound?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9443996

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