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Tidy Tidy
wrote...
Posts: 4852
8 years ago
If the nominal exchange rate between the American dollar and the Canadian dollar is 0.89 Canadian dollars per American dollar, how many American dollars are required to buy a product that costs 2.5 Canadian dollars?
A) $1.32
B) $2.23
C) $2.75
D) $2.81
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 648 times
1 Reply
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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Answer verified by a subject expert
eurocoineurocoin
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Posts: 193
8 years ago
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Tidy Author
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