Typed plz And AsapThanks A car costs $A25,000 in Australia. In the US, the same car costs $U$18,000. If the $A/$US exchange rate is given by $A1 =$USO.80, which of the following statements is most correct? The car is $A 2,000 more expensive in Australia than the US.The car is $US 2,000 more expensive in Australia than the US. O The car is $A 2,000 less expensive in Australia than the US.The car is $US 2,000 less expensive in Australia than the US.cA car costs $A25,000 in Australia. In the US, the same car costs $US18,000. If the $A/SUS exchangerate is given by $A1-$USO.80, which of the following statements is most correct?The car is $A 2,000 more expensive in Australia than the US.O The car is SUS 2,000 more expensive in Australia than the US.O The car is $A 2.000 less expensive in Australia than the US.O The car is SUS 2,000 less expensive in Australia than the US.Show Transcribed Text

The value of one currency in another currency's terms is known as the nominal exchange rate. It also…

A car costs $A25,000 in Australia. In the US, the same car costs $U$18,000. If the $A/$US exchange rate is given by $A1 = $USO.80, which of the following statements is most correct? The car is $A 2,000 more expensive in Australia than the US. The car is $US 2,000 more expensive in Australia than the US. O The car is $A 2,000 less expensive in Australia than the US. The car is $US 2,000 less expensive in Australia than the US. 3 A car costs $A25,000 in Australia. In the US, the same car costs $US18,000. If the $A/SUS exchange rate is given by $A1-$USO.80, which of the following statements is most correct? O The car is $A 2.000 more expensive in Australia than the US. O The car is SUS 2,000 more expensive in Australia than the US. O The car is $A 2.000 less expensive in Australia than the US. O The car is SUS 2,000 less expensive in Australia than the US.

A car costs $A25,000 in Australia. In the US, the same car costs $U$18,000. If the $A/$US exchange rate is given by $A1 = $USO.80, which of the following statements is most correct? The car is $A 2,000 more expensive in Australia than the US. The car is $US 2,000 more expensive in Australia than the US. O The car is $A 2,000 less expensive in Australia than the US. The car is $US 2,000 less expensive in Australia than the US. 3 A car costs $A25,000 in Australia. In the US, the same car costs $US18,000. If the $A/SUS exchange rate is given by $A1-$USO.80, which of the following statements is most correct? O The car is $A 2.000 more expensive in Australia than the US. O The car is SUS 2,000 more expensive in Australia than the US. O The car is $A 2.000 less expensive in Australia than the US. O The car is SUS 2,000 less expensive in Australia than the US.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter36: Exchange Rates And Financial Links Between Countries

Section: Chapter Questions

Problem 13E

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