20. Assume that $1 will purchase d0.60 and f108; that is, 1 U.S. dollar will purchase 0.6...
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20. Assume that $1 will purchase d0.60 and f108; that is, 1 U.S. dollar will purchase 0.6 UK pounds and 108 Japanese yen. Assume that goods in the three countries are identically priced after adjusting for currency exchange rates.
a. What is the value of d1 in f?
b. What is the value of f1 in d?
c. If one ounce of gold costs $300 in the United States, what is its cost in the United Kingdom and in Japan?
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