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    Macroeconomics Principles
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    Exam 17: Exchange Rates and Macroeconomic Policy
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    If We Know That the Exchange Rate Is $1
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If We Know That the Exchange Rate Is $1

Question 126

Question 126

Multiple Choice

If we know that the exchange rate is $1.60 per pound then the exchange rate of pounds per dollar is


A) greater than 1.60
B) 0.80
C) 1.00
D) 0.625
E) 1.60.

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