Multiple Choice
Suppose one British pound can purchase 1.82 U.S.dollars today in the foreign exchange market,and currency forecasters predict that the U.S.dollar will depreciate by 12.0% against the pound over the next 30 days.How many dollars will a pound buy in 30 days?
A) $1.4860
B) $1.6511
C) $1.8346
D) $2.0384
E) $2.2422
Correct Answer:
Verified
Correct Answer:
Verified
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