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79ed 79ed
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8 years ago
Suppose Sam then noticed that the actual euro/dollar exchange rate on currency markets is €1.2/$, and that a kilogram of wheat still costs $1 in the U.S. and €1.5 in France. Sam then knows that ________.
A) the expected exchange rate between the euro and the dollar is €1.5/$
B) wheat is priced lower in France
C) wheat is priced higher in France
D) an arbitrage opportunity does not exist in the international wheat market
Textbook 
International Business: The Challenges of Globalization

International Business: The Challenges of Globalization


Edition: 7th
Author:
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kelbakelba
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79ed Author
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#2
8 years ago
I really appreciate your help, thank u
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#3
8 years ago
Let me know if you need anymore help
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