Suppose that you want to buy a German car that costs 55,000. What will be the price

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Suppose that you want to buy a German car that costs €55,000. What will be the price of this car in the United States if the exchange rate is €0.90 per U.S.

dollar? What will happen to the price if the exchange rate increases to €0.95 per U.S. dollar?

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Aysha Ali

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