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A Foreign Exchange Rate Can Equivalently Be Expressed as $1

Question 146

Multiple Choice

A foreign exchange rate can equivalently be expressed as $1.654 per euro (€) or


A) $0.6046 per euro.
B) €0.6046 per dollar.
C) $1 per euro.
D) €1 per dollar.
E) $(1/1.4154) per euro.

Correct Answer:

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