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Chapter 28: exchange rates and the open economy Malaysia MYR trade at 110 MYR per dollar and Mexico pesos trade at 10 pesos per dollar.

Chapter 28: exchange rates and the open economy

Malaysia MYR trade at 110 MYR per dollar and Mexico pesos trade at 10 pesos per dollar. What is the nominal exchange rate between the Myr and the peso? Express in two ways.

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