A-LevelEconomicsInternational economic issues9708/12 · May/June 2014 · Q291 Mark
With an exchange rate of 5 Egyptian pounds (EGP) = 1 US dollar (), an American in Egypt for EGP 100. Assuming that the dollar price remains unchanged, what will be the price of the product in Eg the Egyptian pound appreciates to 4 EGP = 1 US?
AEGP 75
BEGP 80
CEGP 120
DEGP 125
✓ Correct answer
B: EGP 80
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