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Suppose the price of a can of soda in France is 1.50. Knowing that the nominal euro/dollar exchange rate is 1 = $1.40, how many

Suppose the price of a can of soda in France is €1.50. Knowing that the nominal euro/dollar exchange rate is €1 = $1.40, how many dollars will a can of soda cost the American tourist on vacation in Paris?

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