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ECON 471 Financial Markets and Institutions Practice Problems A particular garment costs 35 Swiss francs in Geneva. The exchange rate is 2.4 Swiss francs per

ECON 471 Financial Markets and Institutions Practice Problems

A particular garment costs 35 Swiss francs in Geneva. The exchange rate is 2.4 Swiss francs per dollar. If the law of one price holds, then what should that same garment cost in Baltimore? Round your answer to the nearest cent.

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