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If spot exchange rate is 0.88 per dollar, how many dollars are required to buy a euro? 1) $1.20 2) $1.17 3) $1.04 4) $1.07

If spot exchange rate is 0.88 per dollar, how many dollars are required to buy a euro? 1) $1.20 2) $1.17 3) $1.04 4) $1.07 O 5) $1.14

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