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If a U.S. dollar purchases 30 Thai bhat, and a bouquet of flowers costs $12 in the U.S. and 480 bhat in Thailand, what is
If a U.S. dollar purchases 30 Thai bhat, and a bouquet of flowers costs $12 in the U.S. and 480 bhat in Thailand, what is the real exchange rate?
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40 Thai bouquets per U.S. bouquet
1.33 Thai bouquets per U.S. bouquet
0.75 Thai bouquets per U.S. bouquet
30 Thai bouquets per U.S. bouquet
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