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Course: AP??/College Macroeconomics?>?Unit 6
Lesson 2: Exchange ratesExchange rates
Problem
The exchange rates for 3 currencies are given in the table below.
Currency being exchanged | Cost of currency being exchanged in Thai baht (THB) | Cost of currency being exchanged in Danish krone (DKK) | Cost of currency being exchanged in Ghana cedi (GHS) |
---|---|---|---|
Thai baht (THB) | 1 | 0.2 | 0.125 |
Danish krone (DKK) | 5 | 1 | 0.625 |
Ghana cedi (GHS) | 8 | 1.6 | 1 |
Which of the following is an exchange rate for the baht?