Business

Mylee Brady

13 August, 10:10

A pen costs £50 in Britain. An identical pen costs $70 in the United States when the exchange rate is £1 = $1.50. Which of the following is correct? Multiple Choice

A. A trader can make money by buying the pen in Britain and selling it in the United States at $70.

B. The deal is the same in both countries.

C. Britain offers a better deal.

D. The U. S. offers a better deal.