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    Financial System and the Economy Principles
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    Exam 16: How Exchange Rates Are Determined
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    If a Pair of Jeans Cost $40
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If a Pair of Jeans Cost $40

Question 14

Question 14

Multiple Choice

If a pair of jeans cost $40.00 in the United States and the krone/dollar exchange is 6.40, the jeans will cost how many krone in Norway?


A) 6.25
B) .16
C) 256.00
D) 332.04

Correct Answer:

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