Flora is traveling from Argentina to Russia to watch the World Cup. The currency of Argentina is the peso, the currency of Russia is the ruble, and the exchange rate is 1 peso equals 2 rubles.
Which of the following can be concluded based on this exchange rate?
Choose 1 answer:
(A) The exchange rate of the peso is 1 peso per 2 rubles
(B) A ruble buys twice as many goods as a peso
(C) The exchange rate of the ruble is 0.5 pesos per ruble
(D) The ruble has depreciated
(E) The ruble has appreciated
Not the question you are looking for? Ask here!
Enter question by text
Enter question by image
Unlock Smarter Learning with AskSia Super!
Join Super, our all-in-one AI solution that can greatly improve your learning efficiency.