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Suppose one British pound can purchase 1.82 U.S. dollars today in the foreign exchange market, and currency forecasters predict that the U.S. dollar will depreciate by 12.0% against the pound over the next 30 days. How many dollars will a pound buy in 30 days?

a)$1.4860
b)$1.6511
c)$1.8346
d)$2.0384
e)$2.2422

 

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  • Reference No.:- M9884848

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