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    Economics Study Set 7
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    Exam 7: an Introduction to the Foreign Exchange Market and the Balance of Payments
  5. Question
    If the Bank Is Selling Russian Rubles (RUB)for $0
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If the Bank Is Selling Russian Rubles (RUB)for $0

Question 17

Question 17

True/False

If the bank is selling Russian rubles (RUB)for $0.16, then the implied ruble price of the dollar is RUB 6.25.

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