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    Exam 33: Exchange Rates and the Balance of Payments
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    When the Dollar Price of a British Pound Is $0
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When the Dollar Price of a British Pound Is $0

Question 111

Question 111

Multiple Choice

When the dollar price of a British pound is $0.80, it is correct to state that an American traveling in England will receive ________ pounds per dollar.


A) 1.25
B) 8
C) 80
D) 125

Correct Answer:

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