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Business, 10.03.2020 17:09 Havcscsgg4593

A pair of running shoes costs $70 in the U. S. If the price of the same shoes is 4500 rupees in India and the exchange rate is 60 rupees per dollar, than the real exchange rate is:A. more than 1, so a profit could be made by buying these shoes in the U. S. and selling them in India. B. more than 1, so a profit could be made by buying these shoes in India and selling them in the U. S.C. less than 1, so a profit could be made by buying these shoes in the U. S. and selling them in India. D. less than 1, so a profit could be made by buying these shoes in India and selling them in the U. S.

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A pair of running shoes costs $70 in the U. S. If the price of the same shoes is 4500 rupees in Indi...

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