Question: Alpha and Beta are two countries. Alpha uses dollars ($) and Beta uses pounds (E). Treat Alpha as the home country and define the

Alpha and Beta are two countries. Alpha uses dollars ($) and Beta uses pounds (E). Treat Alpha as the home country and define the bilateral exchange rate as the number of pounds that exchange for one dollar: The following table provides some annual exchange rate data. 2016 2017 2018 2019 0.6 0.56 0.50 0.45

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