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A Pound of Steak Costs $10 in the U

question 108

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A pound of steak costs $10 in the U.S. and 56.25 riyals (the currency of Saudi Arabia) in Saudi Arabia. If the real exchange rate is 2/3, what is the nominal exchange rate? Show your work.


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A term from Greek that refers to a practical, utilitarian kind of love within relationships.

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