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    International Economics Study Set 3
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    Exam 12: The Foreign Exchange Market
  5. Question
    If the Bank Is Selling Euros for $0
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If the Bank Is Selling Euros for $0

Question 16

Question 16

Multiple Choice

If the bank is selling euros for $0.89,then what is the implied euro price of the dollar?


A) 2.00
B) 1.99
C) 2.32
D) 1.12

Correct Answer:

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