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    Business
  3. Study Set
    Macroeconomics Study Set 68
  4. Exam
    Exam 21: The Balance of Payments, Exchange Rates, and Trade Deficits
  5. Question
    If the Exchange Rate Is $1 = 0
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If the Exchange Rate Is $1 = 0

Question 33

Question 33

Multiple Choice

If the exchange rate is $1 = 0.7841 euro, then a box of French truffles priced at 20 euros would cost an American buyer (excluding taxes and other fees)


A) $15.68.
B) $20.78.
C) $25.51.
D) $27.84.

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