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7 The price of a basket of goods is A$150 in Australia and 80 in Britain. If the law of one price holds. the sterling
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The price of a basket of goods is A$150 in Australia and 80 in Britain. If the law of one price holds. the sterling to Australian dollar exchange rate should be: O 1.00 per Australian dollar 0 1.875 per Australian dollar O A$0.533 per pound A$1.875 per pound A$1.533 per pound Step by Step Solution
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