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yesure5294 yesure5294
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A year ago
Real and Nominal Exchange Rates

While travelling in Venice, Italy, you decide you would like to buy a Murano glass vase. You are willing to pay $950 for the vase, but the vases are all priced in euros. If the exchange rate is 0.78 euros per dollar, what is the highest price in euros you would be willing to pay for a vase?  (Round to the nearest hundredth.)

▸ 1217.95 euros

▸ 1691 euros

▸ 741 euros

▸ 533.71 euros
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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MspracticalMspractical
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A year ago
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yesure5294 Author
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A year ago
Smart ... Thanks!
shangshang
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This site is awesome
joyceess
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Brilliant ツ
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