Suppose a Mexican consumer wants to buy an American television for $500 and an American wants to buy a Mexican raincoat for 700 pesos. If the exchange rate is $0.10 = 1 peso, then the price of the television in pesos will be __________ and the price of the raincoat in dollars will be __________
A) 5000 pesos; $70
B) 50 pesos; $7,000
C) 500 pesos; $7
D) 5 pesos; $7,000
A
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