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The same television set costs $500 in the United States, 550 in France, 300 in the United Kingdom, and 100,000 in Japan. If the law
The same television set costs $500 in the United States, 550 in France, 300 in the United Kingdom, and 100,000 in Japan. If the law of one price holds, what are the euro-dollar, pound- dollar, and yen-dollar exchange rates? Instructions: Enter your responses to the nearest hundredth (2 decimal places). The euro/dollar exchange rate is (E/S) The pound/dollar exchange rate is (E/S) The yen/dollar exchange rate is (*S)
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