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The Table Indicates the Dollar Price of Libras, the Currency

Question 112

Multiple Choice

The table indicates the dollar price of libras, the currency used in the hypothetical nation of Libra. Assume that a system of flexible exchange rates is in place. The exchange rate is A) 4 libras for one dollar. B) 0.25 libra for one dollar. C) 0.40 libra for one dollar. D) 3 libras for one dollar. The table indicates the dollar price of libras, the currency used in the hypothetical nation of Libra. Assume that a system of flexible exchange rates is in place. The exchange rate is


A) 4 libras for one dollar.
B) 0.25 libra for one dollar.
C) 0.40 libra for one dollar.
D) 3 libras for one dollar.

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