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    Exam 11: Foreign Exchange, trade, and Bubbles
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    An Individual in the US Wants to Buy a Car
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An Individual in the US Wants to Buy a Car

Question 3

Question 3

Multiple Choice

An individual in the US wants to buy a car from England which costs 12,000 pounds.If the exchange rate is $1.75/pound,how much will it cost him in dollar terms?


A) $21,000
B) $6,800
C) $12,000
D) Need more information

Correct Answer:

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