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  • 10-11-2022
  • Business
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suppose a cup of coffee is 1.5 euros in germany and $0.50 in the united states. if purchasing-power parity holds, what is the nominal exchange rate between euros and dollars? a. 3 euros per dollar b. 0.75 euro per dollar c. 1.5 euros per dollar d. 1/3 euro per dollar

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