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    Economics Today Study Set 1
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    Exam 33: Exchange Rates and the Balance of Payments
  5. Question
    If the Exchange Rate Is Such That $1 Equals 10
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If the Exchange Rate Is Such That $1 Equals 10

Question 5

Question 5

Multiple Choice

If the exchange rate is such that $1 equals 10 Mexican pesos, then the price of a peso is


A) $10.
B) $1.
C) $0.20.
D) $0.10.

Correct Answer:

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