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Suppose Your Firm Wants to Import Sugarcane from Brazil

Question 58

Multiple Choice

Suppose your firm wants to import sugarcane from Brazil. The exchange rate is 3 Brazilian reals per U.S. dollar and sugarcane costs 36 reals per ton. How much is a ton of sugarcane in U.S. dollars?


A) $108
B) $109
C) $39
D) $12

Correct Answer:

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