Multiple Choice
The table indicates the dollar price of libras, the currency used in the hypothetical nation of Libra. Assume that a system of ?exible exchange rates is in place. The exchange rate is
A) 4 libras for one dollar.
B) 0.25 libra for one dollar.
C) 0.40 libra for one dollar.
D) 3 libras for one dollar.
Correct Answer:

Verified
Correct Answer:
Verified
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