The Bulgarian currency, the lev, is pegged to the euro at a rate of 1.96 leva (leva is the plural of lev) to the euro. At the pegged exchange rate, how many euros would be exchanged for one lev?

A) 0.51 B) 1.00 C) 1.96 D) 3.84


A

Economics

You might also like to view...

Although GDP is not the same as economic well-being, high levels of GDP are positively correlated with all of the following except:

A. longer life expectancies. B. higher rates of infant mortality. C. higher material standards of living. D. higher rates of literacy.

Economics

State and local spending in 2007 on police, courts, fire, and corrections represented

a. less than 10 percent of all government spending on police, courts, fire, and corrections b. about one quarter of all government spending on police, courts, fire, and corrections c. nearly half of all government spending on police, courts, fire, and corrections d. roughly two thirds of all government spending on police, courts, fire, and corrections e. 85 percent of all government spending on police, courts, fire, and corrections

Economics

If you double input, output more than doubles.

What will be an ideal response?

Economics

The number of U.S. workers in unions today is:

A. about 21 %of all wage and salary workers. B. just under 15 million Americans. C. higher than it was in the 1950s. D. All of these are true.

Economics