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    Exam 9: The Foreign Exchange Market
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    An Exchange Rate of €1 = $1
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An Exchange Rate of €1 = $1

Question 56

Question 56

Multiple Choice

An exchange rate of €1 = $1.30 indicates that:


A) $1 is worth 1.30 euros.
B) one could sell 1.30 euros for $1.
C) one euro buys $1.30.
D) there are 1.30 euros for every dollar.

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