Answer:
Egypt.
Step-by-step explanation:
We need to set up our conversion factors for each currency.
British Pounds and Egyptian Pounds:
0.83 £ (Europe) = 1 U.S. Dollar
18 E£ (Egypt) = 1 U.S. Dollar
Cost of a Souvenir in Europe:
The cost of souvenir in Europe is 13£. Using our conversion rate, we get
[tex]13\pounds \cdot \frac{\$1}{0.83 \pounds}=\$15.66[/tex]
Cost of a Souvenir in Egypt:
The cost of a souvenir in Egypt is 342 E£. So we have
[tex]342 \text{ E}\pounds\cdot \frac{\$1}{18 \text{ E}\pounds}=\$19[/tex]
Based on our calculations, it is cheaper to buy a souvenir in Europe than in Egypt.
