Multiple Choice
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 percent against the pound over the next 30 days. How many dollars will a pound buy in 30 days?
A) 1.82
B) 3.64
C) 1.12
D) 2.04
E) 1.63
Correct Answer:
Verified
Correct Answer:
Verified
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