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Question 1 (15 marks) Part A: Suppose the price of gold in Munich is 7 Euros per ounce, while its price in Perth is $14

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Question 1 (15 marks) Part A: Suppose the price of gold in Munich is 7 Euros per ounce, while its price in Perth is $14 per ounce. The current exchange rate is $2.3 per Euro. If shipping costs are 1 per ounce, we can make money by buying gold low and selling gold high. CIRCLE ONE: TRUE FALSE UNCERTAIN Also provide an explanation

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