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Exchange Rates, Inflation, and Purchasing Power
Grade Level
GMAT
DI.206 Exchange Rates, Inflation, and Purchasing Power
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Option A costs JPY 1,560,000 at 156 JPY per USD. Option B costs EUR 8,900 at 1 EUR = 1.12 USD. Which option has the lower dollar cost?
A
Option A by USD 32
B
Option B by USD 32
C
Option B by USD 320
D
The two options have the same cost
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