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.
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