The following 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.
-Refer to the above table.The exchange rate is:
A) 4 libras for one dollar.
B) .30 libras for one dollar.
C) .40 libras for one dollar.
D) none of the above.
Correct Answer:
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