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Exchange rates and trade

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solution


Question

If a dollar can buy 98 Japanese yen and a British pound costs $1.50, how many yen would it take to buy 1 british pound? If a pound of copper costs 1 pound in britain, 1600 yen per pound in tokyo, and $1.45 per pound in the US, where is a pound of copper most expensive and where is it lease expensive?

 

Paper#18187 | Written in 18-Jul-2015

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