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    Exam 14: Exchange Rates I: the Monetary Approach in the Long Run
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    The Law of One Price Requires
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The Law of One Price Requires

Question 94

Question 94

Multiple Choice

The law of one price requires:


A) trade frictions.
B) perfect competition.
C) trade frictions and perfect competition.
D) neither trade frictions nor perfect competition.

Correct Answer:

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