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kolitchko kolitchko
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6 years ago
If the price of a Toyota Camry is Y2,000,000 and the price of a Ford Fusion is $20,000, according to the law of one price, the exchange rate between the yen and the dollar should be
A) Y100 = $1.
B) $100 = Y1.
C) Y1,980,000 = $1.
D) The law of one price does not apply since the goods are differentiated.
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Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
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pepebillypepebilly
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kolitchko Author
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6 years ago
Just got PERFECT on my quiz
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this is exactly what I needed
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This helped my grade so much Perfect
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