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Business, 30.11.2019 00:31, alexandria3498
Three-wheel cars made in north edsel are sold for 5000 pounds. four-wheel cars made in south edsel are sold for 10,000 marks. the real exchange rate between north and south edsel is four three-wheel cars for three four-wheel cars. the nominal exchange rate between the two countries is a) 0.50 marks/pound. b) 0.66 marks/pound. c) 1.50 marks/pound. d) 2.00 marks/pound.
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