A British-made automobile is priced at 20,000 (20,000 British pounds). A comparable U.S.-made car costs $26,000. One
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The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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In dollars the British automobile costs 20000150 30000 The real exchange rate of the dollar i...View the full answer
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