Suppose the dollar per pound exchange rate is $2 per pound while the dollar per Swiss franc exchange
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Suppose the dollar per pound exchange rate is $2 per pound while the dollar per Swiss franc exchange rate is 50 cents per franc. From the given information we can conclude that the Swiss franc per pound exchange rate is:
A.1 franc per pound.
B.too low.
C.too high.
D.4 francs per pound.
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