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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 31
Use exchange rates listed in Figure 6 of the chapter to answer problems 13 through 16.
F igure 6
Exchange Rates: Foreign Currency per American Dollar, January 12, 2013
How many Mexican pesos would you get for a dollar? You would get 12.2 pesos. Can you figure out how many dollars (actually how many cents) you would get for a peso? You would get 8.2 cents. Exchange rates fluctuate from minute to minute, and they are usually calibrated to hundredths, or even thousandths of a cent.
Source: The Federal Reserve, www.federalreserve.gov.
How many South African rand can we get for 1 Canadian dollar?
F igure 6
Exchange Rates: Foreign Currency per American Dollar, January 12, 2013
How many Mexican pesos would you get for a dollar? You would get 12.2 pesos. Can you figure out how many dollars (actually how many cents) you would get for a peso? You would get 8.2 cents. Exchange rates fluctuate from minute to minute, and they are usually calibrated to hundredths, or even thousandths of a cent.
Source: The Federal Reserve, www.federalreserve.gov.
How many South African rand can we get for 1 Canadian dollar?
Explanation
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As per the given data, 1.02 Ca...
Macroeconomics 11th Edition by Stephen Slavin
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