Suppose the exchange rate is 1.40 1. if a bottle of french, Ask an Expert

Economics

Suppose the exchange rate is $1.40: 1. If a bottle of French wine is 25 euros what is the dollar price for the wine? A) dollar price = 2 Q) Suppose the exchange rate changes to $1: 0.50. What is the dollar price of the wine now? A) First we have to ___________.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M968525

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