According to the Law of One Price,if the Price of Colombian

question 29

Multiple Choice

According to the law of one price,if the price of Colombian coffee is 100 Colombian pesos per pound and the price of Brazilian coffee is 4 Brazilian reals per pound,then the exchange rate between the Colombian peso and the Brazilian real is:

• A) 40 pesos per real.
• B) 100 pesos per real.
• C) 25 pesos per real.
• D) 0.4 pesos per real.

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