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Foreign exchange and commodity prices. While traveling in the following countries, you see twenty-ounce plastic bottles of Coca-Cola. You know the price in the United
Foreign exchange and commodity prices. While traveling in the following countries, you see twenty-ounce plastic bottles of Coca-Cola. You know the price in the United States for a Coke is $0.94, but the countries have the following prices: Canada: CS1.53 Japan: 157 England: 0.51 European Union: 0.78 What is the implied exchange rate for U.S. dollars and these four currencies
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