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In the spot market, 110 yens is equal to 1 U.S. dollar. An apple costs 200 yens in Japan. What should the price of the

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In the spot market, 110 yens is equal to 1 U.S. dollar. An apple costs 200 yens in Japan. What should the price of the apple be in the U.S.? Select one: a. $1.93 b. $2.00 c. $1.82 d. $2.13

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