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Talja [164]
3 years ago
10

If the exchange rate is 8 moroccan dirhams per u.s. dollars, a crate of oranges costs 400 dirhams in the moroccan capital of rab

at, and a similar crate of oranges in miami sells for $55 dollars, then
Business
1 answer:
strojnjashka [21]3 years ago
8 0
<span>the real exchange rate is greater than one and arbitrageurs could profit by buying oranges in Morocco and selling them in the U.S.</span>
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