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    Macroeconomics Principles
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    Exam 17: Exchange Rates and Macroeconomic Policy
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    Suppose the Current Exchange Rate Is $1
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Suppose the Current Exchange Rate Is $1

Question 63

Question 63

Multiple Choice

Suppose the current exchange rate is $1.60 per pound.A sweater purchased by an American in London costing 50 pounds would cost


A) $31.25
B) $80.00
C) $51.60
D) $48.40
E) $100.00

Correct Answer:

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