Chp 7 Problem 10 part b.

Chp 7 Problem 10 part b. - British pound? 1 Euro =$1 1...

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Suppose the U.S. dollar price of a British pound is $1.50; the dollar price of a euro is $1; a hotel room in London, England, costs 120 British pounds; and a comparable hotel room in Hanover, Germany, costs 200 euro.
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Unformatted text preview: British pound? 1 Euro =$1 1 pound = $1.5 or $1=2/3 pounds or 1 Euro = 2/3pounds this can be written as 1pound =3/2 Euros. b. What is the exchange rate between the euro and the...
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