5
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International Trade

Question 5 • IL-Economics

1 euro could be exchanged for 119.

Answer
A
Canadian dollars
B
British pounds
C
Japanese yen

Explanation

An exchange rate of about 119 units for 1 euro fits the Japanese yen. Canadian dollars and British pounds are each worth more than a euro, so one euro would exchange for less than one of those currencies, not 119. The correct choice is Japanese yen.

AI-written and checked against the verified answer.

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