Suppose that an Apple iPhone costs $200 in the United States, 65 in the United Kingdom, and
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Suppose that an Apple iPhone costs $200 in the United States, £65 in the United Kingdom, and ¥35,000 in Japan. If the exchange rates are $1.50 = £1 and ¥100 = $1, what are the real exchange rates between the dollar and the yen and the dollar and the pound?
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Related Book For 
Money Banking And The Financial System International Edition
ISBN: 978-1292000183
2nd Edition
Authors: R. Glenn Hubbard ,Anthony P Obrien
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