The current exchange rate between the British pound and the U.S. dollar is 1.60 per...
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Finance
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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