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If a Kilogram of Coal Costs €1

Question 92

Multiple Choice

If a kilogram of coal costs €1.5 in Germany and $1 in the United States,the law of one price calculates the expected exchange rate between the euro and the dollar to be ________.


A) €0.67/$
B) €1.5/$
C) $1.67/€
D) $0.12/€

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