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    Exam 10: The Foreign Exchange Market
  5. Question
    An Exchange Rate of €1 = $1
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An Exchange Rate of €1 = $1

Question 40

Question 40

Multiple Choice

An exchange rate of €1 = $1.30 indicates that


A) $1 is worth 1.30 euros.
B) one could get 1.30 euros for $1.
C) one euro buys 1.30 dollars.
D) one euro buys 0.77 dollars.

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