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Real and Nominal Exchange RatesWhile travelling in Venice, Italy, you decide you would like to buy a ...

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Real and Nominal Exchange RatesWhile travelling in Venice, Italy, you decide you would like to buy a ...

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

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 22 times

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yesure5294 Author

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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