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Suppose one British pound can purchase 1.32 U.S. dollars today in the foreign exchange market, and currency forecasters predict that the British pound will depreciate

Suppose one British pound can purchase 1.32 U.S. dollars today in the foreign exchange market, and currency forecasters predict that the British pound will depreciate by 22% against the U.S. dollar over the next 30 days. How many dollars will a pound buy in 30 days?


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