question archive If A DIAMOND RING IS PURCHASED IN GERMANY FOR 9000 DM WHICH IS EQUIVALENT TO 5000 LIRAS
If A DIAMOND RING IS PURCHASED IN GERMANY FOR 9000 DM WHICH IS EQUIVALENT TO 5000 LIRAS
Subject:EconomicsPrice:2.86 Bought3
If A DIAMOND RING IS PURCHASED IN GERMANY FOR 9000 DM WHICH IS EQUIVALENT TO 5000 LIRAS. WHAT IS THE EXCHANGE RATE BETWEEN A DM AND LIRAS?
A. 1.80 DM
B. 1.80 LIRAS
C. 0.56 LIRAS
D. 0.56 DM
E. BOTH B & C
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to get the exchange rate you must divide the price of the diamond ring if is purchased in germany and if it is purchased in turkey. the currency used in germany is Deutsche Mark or DM and in turkey it is liras.
solution:
price of ring in dm divided by price of ring in liras
9000/5000=1.8
the exchange rate would be 1 liras=1.8 dm
it should be letter A
