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A target range of 5% is set by the central bank in Singapore around the exchange rate of SGD 4.00 per US dollar. The lower

A target range of 5% is set by the central bank in Singapore around the exchange rate of SGD 4.00 per US dollar. The lower bound for the exchange rate (SGD per US dollar) will be:

		3.8000.
		3.8095.
		3.8120.

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