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5.2 Suppose you want to import raw material from France, which costs 1,000,000. What will be price of these imports to your firm in British

5.2 Suppose you want to import raw material from France, which costs 1,000,000. What will be price of these imports to your firm in British pounds. If the exchange rate is 1.20 per GBP. What will happen to the price if the exchange rate decreases to 1.10 per U.S. dollar?

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