Exchange Rates I: The Monetary Approach in the Long Run Suppose that two countries, Vietnam and Cte d'Ivoire, produce coffee, The currency unit used in Vietnam is the dong (VND). Cte d' lvoire is a member of Communaut Financire Africaine (CFA), a currency union of West African countries that use the CFA franc. In Vietnam, coffee sells for 4.500 dong (VND) per pound. The exchange rate is 30 VND per I CFA franc, ECHvNe=30. a. According to the law of one price (LOOP), what is the price of coffee in Cte d'Ivoire? Price: CFA francs b. Assume the price of coffec in Cte d' Ivoire is actually 160 CFA franes per pound of coffec. Assume no transportation costs