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2&3 QUESTION 2 Assume that the euro/dollar exchange rate is 1 - $1.50. If it costs $30 to buy a European product, the stated price

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QUESTION 2 Assume that the euro/dollar exchange rate is 1 - $1.50. If it costs $30 to buy a European product, the stated price of the product would be C45. True False QUESTION 3 When the foreign exchange market determines the relative value of a currency, we say that the country is adhering to a pegged exchange rate regime True False

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