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If an automobile costs $43,000 in New York and 32,000 euros in Milan, then under...

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Finance

If an automobile costs $43,000 in New York and 32,000 euros in Milan, then under the condition of the law of one price, the exchange rate is:
  • A. $1.34 = 1 euro.
  • B. $1.34 = 0.74 euro.
  • C. 1.34 euros = $1.
  • D. $0.74 = 1 euro.

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