Suppose It Is January 1980 and the $/DM Exchange Rate

question 11

Multiple Choice

Suppose it is January 1980 and the $/DM exchange rate is DM1 = $.35 and the DM/FF exchange rate is FF1 = DM.31.What is the FF/$ exchange rate?

• A)3.226 French francs per dollar
• B)1.129 French francs per dollar
• C).886 French francs per dollar
• D)9.217 French francs per dollar

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