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If the exchange rate (dollars for pesos) is $0.67 per peso, then the cost of a good or service you purchase while in Mexico for
If the exchange rate (dollars for pesos) is $0.67 per peso, then the cost of a good or service you purchase while in Mexico for 1,000 pesos is _____________
Suppose that the government of Belarus targets an exchange rate of 2,858 Belarusian rubles per dollar and will intervene in the foreign exchange market to achieve this goal. This is an example of a fixed or floating exchange rate system.
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