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If the Exchange Rate Is 1

Question 34

Multiple Choice

If the exchange rate is 1.25 New Zealand dollars per U.S dollar,the price of apples is $2 a pound in the U.S.and 1 New Zealand dollar per pound in New Zealand,what is the real exchange rate?


A) 2.50
B) 2
C) 1.25
D) .75

Correct Answer:

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