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Suppose it takes 1.75 US. dollars today to purchase one British pound in the foreign exchange market, and currency forecasters predict that the U.5. dollar

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Suppose it takes 1.75 US. dollars today to purchase one British pound in the foreign exchange market, and currency forecasters predict that the U.5. dollar will depreciate by 11.5% against the pound over the next 30 days. How many dollars will a pound buy in 30 days? 1.12 1.63 1.95 2.04 3.64

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