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    Business
  3. Study Set
    Economics Study Set 7
  4. Exam
    Exam 7: an Introduction to the Foreign Exchange Market and the Balance of Payments
  5. Question
    If the Current Dollars/peso Exchange Rate Is $0
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If the Current Dollars/peso Exchange Rate Is $0

Question 26

Question 26

Multiple Choice

If the current dollars/peso exchange rate is $0.10 per peso, so that 10 pesos buy you a dollar, then how many dollars do you need to buy something that costs 50 pesos?


A) $50
B) $5
C) $15
D) $0.50
E) $1.50

Correct Answer:

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