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    Exam 27: The Balance of Payments, Exchange Rates, and Trade Deficits
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    If the Rate of Exchange for One Pound Is $2
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If the Rate of Exchange for One Pound Is $2

Question 183

Question 183

Multiple Choice

If the rate of exchange for one pound is $2, the rate of exchange for the dollar is


A) 1/2 pound.
B) 2 pounds.
C) $0.50.
D) $1.00.

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