Suppose one British pound can purchase 1.88 U.S.dollars today in the foreign exchange market,and currency forecasters predict that the U.S.dollar will depreciate by 12.00% against the pound over the next 30 days.How many dollars will a pound buy in 30 days?
A) $1.8950
B) $2.5688
C) $1.9582
D) $2.1056
E) $2.4004
Correct Answer:
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