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Suppose that a basket of goods costs $100 in the U.S. and that taking $100 and converting it into Thai bhat would allow you to
Suppose that a basket of goods costs $100 in the U.S. and that taking $100 and converting it into Thai bhat would allow you to buy 3/4 of the same basket of goods in Thailand. The real exchange rate would be computed as how many Thai goods per U.S. goods? a. The number of Thai bhat needed to buy the basket of goods divided by 100 b. 4/3 C. 3/4 O d. 100 divided by the number of Thai bhat needed to buy the basket of goods (
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