Explain or illustrate why it is that if $1 will buy you .8 that 1 must equal

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Explain or illustrate why it is that if $1 will buy you .8€ that 1€ must equal $1.25?

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Issues in Economics Today

ISBN: 978-1259746390

8th edition

Authors: Robert C. Guell

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Question Posted: Feb 11, 2020 09:43 AM

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Explain or illustrate why it is that if $1 will buy you .8 that 1 must equal

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The given exchange rate is 1 08 This exchange rate i...View the full answer

Issues in Economics Today

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