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If the Price of a Sofa Is $800 in the U.S.and

Question 39

Multiple Choice

If the price of a sofa is $800 in the U.S.and 2400 pesos in Argentina,and the exchange rate is 4 pesos per dollar,what is the real exchange rate?

A) 3
B) 4/3
C) 3/4
D) None of the above is correct.

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