The current exchange rate between the British pound and the U.S. dollar is 1.60 per...
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The current exchange rate between the British pound and the U.S. dollar is 1.60 per dollar. If the U.S. dollar is expected to depreciate by 10% relative to the British pound, what is the new expected exchange rate?
| A. | $1.7778 = 1 | |
| B. | 0.6944 = $1 | |
| C. | $0.5625 = 1 | |
| D. | $1.44 = 1 | |
| E. | 1.7778 = $1 | |
| F. | $0.6944 = 1 |
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