Multiple Choice
One British pound can buy 1.8215 US dollars today in the foreign exchange market. US dollars are expected to appreciate 5% over the next 30 days. How many US dollars will a pound buy by then?
A) 1.8165
B) 1.9126
C) 1.7304
D) 0.5779
E) 2.3582
Correct Answer:
Verified
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