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July 19, 1985, the Italian Lira Devalued by 17% Against

Question 16

Multiple Choice

July 19, 1985, the Italian lira devalued by 17% against the U.S. dollar. This is equivalent to a revaluation of the dollar against the lira of

A) 17%
B) 16.31%
C) 20.48%=
D) 17.54%

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